Business Administration
Review Questions
Course Introduction
Business Administration is an interdisciplinary course designed to provide students with a comprehensive understanding of the fundamental principles and practices involved in managing and operating organizations. The course covers key areas such as management, marketing, finance, operations, human resources, and organizational behavior. Through case studies, projects, and interactive lectures, students develop essential skills in critical thinking, strategic planning, decision-making, and effective communication, preparing them for a variety of leadership roles in diverse business environments.
Recommended Textbook
Payroll Accounting 2017 27th Edition by Bernard J. Bieg Available
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Chapter 1: The Need for Payroll and Personal Records
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Sample Questions
Q1) Employers are now required to photocopy new employees' Form I-9 documents.
A)True
B)False
Answer: False
Q2) Which of the following laws establishes the minimum wage?
A) Fair Labor Standards Act
B) Federal Income Tax Act
C) Federal Insurance Contributions Act
D) Federal Unemployment Tax Act
E) Fair Employment Laws
Answer: A
Q3) What tax act levies a tax on employers to pay state and federal administrative expenses of the unemployment program?
A) Federal Income Tax Act
B) Federal Unemployment Tax Act
C) Federal Wage and Hour Law
D) Estate Unemployment Tax Acts
E) Workers' Compensation Laws
Answer: B
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Page 3
Chapter 2: Computing Wages and Salaries
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Sample Questions
Q1) Refer to Instruction 2-1.Carolyn Clark,a full-time student at Atlanta State University,works at the Barclay Dress Shop.In order not to violate the FLSA,the least salary that Barclay could pay Clark for her 28-hour workweek is __________.
Answer: 11ea7e83_1197_5f66_ba34_05b5d9250f5e_TB2268_00
Q2) Refer to Instruction 2-1.Stacy Forvour is a salaried employee who works fluctuating workweeks.She is paid $680 per workweek.This week,she worked 46 hours.Forvour's total gross pay if her employer uses the special half-rate (based on total hours worked)for overtime pay is __________.
Answer: 11ea7e83_1198_22c1_ba34_ff47bb7b1015_TB2268_00
Q3) Which of the following is not required by the FLSA?
A) Extra pay for work on holidays
B) Two weeks' vacation pay after one year of service
C) Restriction on hours worked by a 17-year-old worker
D) All of the above are required.
E) None of the above is required.
Answer: E
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Chapter 3: Social Security Taxes
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Sample Questions
Q1) Employer payments made directly to employees in lieu of health insurance coverage are taxable wages.
A)True
B)False
Answer: True
Q2) The employees of a semiweekly depositor are paid every Tuesday.The accumulated payroll taxes must be deposited on or before the following Friday.
A)True
B)False
Answer: True
Q3) Employers who fail to file employment tax returns are subject to both civil and criminal penalties.
A)True
B)False
Answer: True
Q4) Refer to Instruction 3-1.Ralston is the sole proprietor of Cut & Curl.During the year,his net earnings were $79,700.What are his self-employment taxes (OASDI and HI)on these earnings?
Answer: 11ea7e83_1196_26e3_ba34_49112506e377_TB2268_00
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Chapter 4: Income Tax Withholding
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Sample Questions
Q1) Refer to Exhibit 4-1.Calculate the amount to withhold from the following employees using the biweekly table of the percentage method.
Kenneth Karcher (single,1 allowance = $155.80),$895 wages
Mary Kenny (married,2 allowances = $311.60),$1,900 wages
Thomas Carney (single,0 allowances),$1,460 wages
Q2) An employer must withhold federal income taxes on both the tips reported by tipped employees and the tips that the employer allocates to the employees.
A)True
B)False
Q3) An employee submits an invalid Form W-4 to the employer and does not replace it with a valid form.The employer should withhold federal income taxes at the rate for a single person claiming no exemptions.
A)True B)False
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Chapter 5: Unemployment Compensation Taxes
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Sample Questions
Q1) Services performed by a child under the age of 21 for a parent-employer are excluded from FUTA coverage.
A)True
B)False
Q2) In order to avoid a credit reduction for Title XII advances,a state must repay the loans by:
A) the end of the year of the loans.
B) the end of the year the credit reduction is scheduled to take effect.
C) the end of the third year after the year of the loans.
D) November 10 of the year the credit reduction is scheduled to take effect.
E) June 30 of the year after the loans.
Q3) Refer to Instruction 5-1.Faruga Company had FUTA taxable payrolls for the four quarters of 2017 of $28,400;$19,600;$16,500;and $8,900,respectively.The company was located in a state that was subject to a FUTA credit reduction of 1.5%.What was the amount of Faruga's first required deposit of FUTA taxes?
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Chapter 6: Analyzing and Journalizing Payroll
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Sample Questions
Q1) Which of the following items would require an adjusting entry at the end of each accounting period?
A) Garnishment for child support payments
B) Withholdings for a 401(k)plan
C) Vacation pay earned by employees
D) Union dues withheld
E) None of the above
Q2) Since the FUTA tax is a social security tax,it can be charged to the same expense account as the other payroll taxes on the employer,the payroll taxes account.
A)True
B)False
Q3) The payroll taxes incurred by an employer are FICA,FUTA,and SUTA.
A)True
B)False
Q4) Posting to the general ledger for payroll entries is done only at the end of each calendar year.
A)True
B)False
Q5) Refer to Exhibit 6-1.Journalize the entry to record the payroll.
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