Accounting Information Systems
Question Bank
Course Introduction
Accounting Information Systems (AIS) explores the integration of information technology with accounting processes to support effective decision-making and financial reporting in organizations. This course introduces students to the design, implementation, and management of computer-based accounting systems, emphasizing internal controls, data processing cycles, and the security of financial information. Topics include the fundamentals of systems development, database management, auditing within an IT environment, and the ethical considerations related to managing financial data. Through case studies and practical exercises, students gain hands-on experience in using AIS software, analyzing system risks, and understanding how AIS supports strategic and operational business objectives.
Recommended Textbook
Payroll Accounting 2017 27th Edition by Bernard J. Bieg
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6 Chapters
396 Verified Questions
396 Flashcards
Source URL: https://quizplus.com/study-set/3346 Page 2
Chapter 1: The Need for Payroll and Personal Records
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70 Verified Questions
70 Flashcards
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Sample Questions
Q1) The Age Discrimination in Employment Act provides protection to virtually all workers over the age of:
A) 50.
B) 65.
C) 70.
D) 75.
E) 40.
Answer: E
Q2) The total cost of workers' compensation insurance is borne by the employees.
A)True
B)False
Answer: False
Q3) Which of the following levies a graduated tax on the earnings of most employees and is deducted from their gross pay?
A) Income tax withholding laws
B) Federal Unemployment Tax Act
C) Fair Labor Standards Act
D) Federal Insurance Contributions Act
E) Employee Retirement Income Security Act
Answer: A
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Chapter 2: Computing Wages and Salaries
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79 Verified Questions
79 Flashcards
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Sample Questions
Q1) Rest periods and coffee breaks may be required by all of the following except:
A) a union contract.
B) a state legislation.
C) a municipal legislation.
D) the FLSA.
E) none of the above.
Answer: D
Q2) In converting semimonthly wage rates to hourly rates,divide the semimonthly rate by 4 to arrive at the weekly rate,then divide this rate by the standard number of hours.
A)True
B)False
Answer: False
Q3) An employer can credit up to $5.12 of a tipped employee's minimum wage as coming from the tips received by that employee.
A)True
B)False
Answer: True
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Chapter 3: Social Security Taxes
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70 Verified Questions
70 Flashcards
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Sample Questions
Q1) Refer to Instruction 3-1.Beginning with the first pay of the year,Carson will make $2,700 each week.In which numbered pay of the year will Carson hit the OASDI taxable limit?
Answer: 11ea7e83_1195_8a93_ba34_89661cb794f0_TB2268_00
Q2) In its definition of employee,FICA clearly distinguishes between classes or grades of employees.
A)True
B)False
Answer: False
Q3) Payments made to a worker's spouse for hospital expenses in connection with an accident disability are not considered wages under FICA.
A)True
B)False
Answer: True
Q4) Form 941 is due on or before the 15th day of the month following the close of the calendar quarter for which the return is made.
A)True
B)False
Answer: False
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Chapter 4: Income Tax Withholding
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56 Verified Questions
56 Flashcards
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Sample Questions
Q1) The special withholding allowance may be claimed only by those employees who do not itemize deductions on their income tax returns.
A)True
B)False
Q2) For state income tax purposes,all states treat 401(k)plan payroll deductions as nontaxable.
A)True
B)False
Q3) Under the federal income tax withholding law,which of the following is not defined as an employee?
A) Partner who draws compensation for services rendered the partnership
B) General manager,age 66
C) Payroll clerk hired one week ago
D) Governor of the state of Florida
E) Secretary employed by a not-for-profit corporation
Q4) Before any federal income taxes may be withheld,there must be,or must have been,an employer-employee relationship.
A)True B)False
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Chapter 5: Unemployment Compensation Taxes
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67 Verified Questions
67 Flashcards
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Sample Questions
Q1) In order to obtain the maximum credit allowed against the federal unemployment tax,the employer must have paid its SUTA contributions by the due date of Form 940.
A)True B)False
Q2) Advance payments for work done in the future are not taxable wages for FUTA purposes.
A)True B)False
Q3) On Form 940,even if the total FUTA tax is more than $500,there is no listing of quarterly federal unemployment tax liabilities.
A)True
B)False
Q4) Refer to Instruction 5-1.In the first quarter of the year,Henry Gibson earned $3,000 in wages and reported $2,400 in tips to his employer.How much would the employer's FUTA tax be for the first quarter on Gibson?
Q5) Retirement pay is taxable wages for FUTA purposes.
A)True B)False
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Chapter 6: Analyzing and Journalizing Payroll
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54 Verified Questions
54 Flashcards
Source URL: https://quizplus.com/quiz/66485
Sample Questions
Q1) Since the credit against the FUTA tax (for SUTA contributions)is made on Form 940,the employer's payroll tax entries should include the FUTA tax at the gross amount (6.0%).
A)True
B)False
Q2) In recording the monthly adjusting entry for accrued wages at the end of the accounting period,the amount of the adjustment would usually be determined by:
A) collecting the timesheets for the days accrued.
B) using the same amount as the prior month's adjustment.
C) using the wages of the salaried workers only.
D) a percentage of the previous week's gross payroll.
E) a percentage of the previous week's net payroll.
Q3) Each payday,the total of net pays that the employer incurs is the wage expense that must be debited.
A)True
B)False
Q4) The payroll taxes incurred by an employer are FICA,FUTA,and SUTA.
A)True
B)False
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