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COMPREHENSIVE GUIDE TO PAYROLL FUNDAMENTALS: ESSENTIAL KNOWLEDGE FOR EFFECTIVEPAYROLL MANAGEMENT //QUESTIONS WITH CORRECT ANSWERS //GUARANTEED PASS!!

COMPREHENSIVE GUIDE TO PAYROLL FUNDAMENTALS: ESSENTIAL KNOWLEDGE FOR EFFECTIVEPAYROLL MANAGEMENT //QUESTIONS WITH CORRECT ANSWERS //GUARANTEED PASS!!

COMPREHENSIVE GUIDE TO PAYROLL FUNDAMENTALS: ESSENTIAL KNOWLEDGE FOR EFFECTIVEPAYROLL MANAGEMENT //QUESTIONS WITH CORRECT ANSWERS //GUARANTEED PASS!!


Which of the following regulations is governed by both the state and the federal governments?
1 Method of payment
2 Final pay to a terminated employee
3 Exempt/nonexempt status
4 Breaks - correct answer-3 (Both federal and state wage and hour laws govern minimum wage, overtime and an employee's exempt status.)

Which of the following amounts are included in the calculation of an employee's regular rate of pay?
1 Pay for hours not worked
2 Shift premiums
3 Employer benefit plan contributions
4 De minimis holiday gifts - correct answer-2 (The FLSA defines regular rate of pay as the total regular pay for all hours work divided by the hours worked in the workweek. The FLSA exempts the following types of pay from the regular rate of pay - gifts, paid time off, reimbursed expenses, discretionary bonuses, benefit plan contributions, and others.)

For more information, refer to Module 1, Lesson 4
All of the following items are covered by the Fair Labor Standards Act EXCEPT:
1 defining equal pay for equal work.
2 defining when escheat laws apply.
3 setting child labor restrictions.
4 setting the minimum age for work. - correct answer-2 (The FLSA regulates overtime, minimum wage, child labor, and equal pay.)

For more information, refer to Module 1, Lesson 4
Under the FLSA, an employee under the age of 20 can be paid the opportunity wage for a maximum of:
1. 30 calendar days.
2. 60 calendar days.
3. 90 calendar days.
4. 120 calendar days. - correct answer-3 (Under the FLSA, an employee under the age of 20 can be paid the opportunity wage of $4.25 per hour for a maximum of 90 calendar days.)

RATIONALE
For more information, refer to Module 1, Lesson 4
Under the FLSA, when a nonexempt employee receives a retroactive pay increase, over what period of time, if any, will the new pay rate impact the employee's overtime premium?

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