which of the following plans applies only to employees of public schools, colleges and universities, and public charities?

A. 401k

B. 403b

C. 457b

D. both b and c

All of the following types of employees are classified as exempt from the FLSAs min wage and OT requirements except:

A. professional

B. outside salesperson

C. administrative

D. computer repairman

When system generated tools do not agree to batch control totals, what must occur?

A. continue processing

B. finding the cause and correcting the error

C. delay finding the error until more time is available

D. document the difference and continue processing

What is a general ledger?

A. a summary of transactions by date

B. the first place transactions are recorded

C. a chronological record of daily transactions

D. a record of transactions by account

All of the following types of compensation are included in calculating an employees regular rate of pay for overtime purposes except:

A. shift premiums

B. production bonus of $15

C. 4 hours paid but not worked

D. 4% cost of living adjustment

Checking inputs or outputs against predetermined constraints is called:

A. internal control

B. validity edit

C. system safeguard

D. parallel test

A computerized payroll system can help a payroll dept accomplish all of the following tasks except:

A. compliance w laws and regulations

B. producing timely, accurate paychecks

C. record retention

D. recognize changes in laws and regulations

Which tax withholidng method uses the average earnings for one pay period to determine the withholding per pay period?

A. percentage method

B. quarterly averaging method

C. annualizing wage method

D. none of the above

An employee works from midnight to 8am on a company paid holiday but does not work more than 40 hours during the workweek. under the FLSA, the employee must be paid:

A. double time for working the holiday

B. time and one half for working the holiday

C. a shift differential for working the late night shift

D. at least the federal minimum wage

An employer provides an employee $300 each month in bus tokens so she can commute to work. How much of this expense is taxable?

A. $135

B. $270

C. $280

D. $300