AIS Ch 15 HRM & Payroll

AIS Ch 15 HRM & Payroll

Assessment

Assessment

Created by

Dr. Paz

Other

University

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Hard

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8 questions

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1.

Multiple Choice

1 min

1 pt

Which of the following is generally not a major source of input to a payroll system?

Payroll rate changes.

Time and attendance data.

Checks to insurance and benefits providers.

Withholdings and deduction requests from employees.

2.

Multiple Choice

1 min

1 pt

Experts estimate that, on average, the costs associated with replacing an employee are about ________ the employee's annual salary.

0.5 time

1 time

1.5 times

2 times

3.

Multiple Choice

1 min

1 pt

Which type of payroll report contains information such as the employees' gross pay, payroll deductions, and net pay in a multicolumn format?

Payroll register.

Deduction register.

Employee earnings statement.

Federal W-4 form.

4.

Multiple Choice

1 min

1 pt

Involving accountants in executive compensation plans is often especially helpful

in keeping track of the executive compensation plan.

in identifying the appropriate metrics to use when linking compensation to performance.

in reducing the total amount of compensation paid to executives.

in suggesting the appropriate amount of compensation executives should be paid.

5.

Multiple Choice

1 min

1 pt

Why is a separate payroll account used to clear payroll checks?

For internal control purposes, to help limit any exposure to loss by the company.

To make bank reconciliation easier.

To separate payroll and expense checks.

All of the above are correct.

6.

Multiple Choice

1 min

1 pt

The average annual management salary at Iyov Management is $100,000. If the average turnover rate for employees is six per year, what is the approximate average annual cost of turnover?

$100,000

$400,000

$600,000

$900,000

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