PAYROLL ACCT.,2019 ED.(LL)-TEXT
19th Edition
ISBN: 9781337619783
Author: BIEG
Publisher: CENGAGE L
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Question
Chapter 6, Problem 1QD
To determine
Explain whether it would be a violation of the Consumer Credit Protection Act to demote, or, suspend, or transfer an employee who is subject to garnishment.
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Consumer credit laws have been implemented over the years to protect consumers against creditor abuses. Match the following consumer credit issues with the appropriate consumer credit law:
a. Controls debt collection procedures and practice.
b. Prohibits credit discrimination because of race, age, or national origin.
c. Establishes the APR and requires the disclosure of all credit-related costs.
d. Requires credit contracts to be written in plain English.
e. Requires a "rejection letter" or written explanation of any adverse action taken.
f. Limits marketing of credit cards to the mailing of application packets and prohibits the mailing of unrequested credit cards.
g. Allows payment for defective goods purchased with a credit card to be legally withheld.
h. Limits fraudulent card use to $50 payment by the cardholder.
i. Ensures that divorced individuals can receive credit.
j. Provides annual access to one free credit report from each of the major credit bureaus.
k. Reduces credit…
1. Which of these is NOT a regulation set forth within ERISA?
Answer:
A.
Employees must be provided with pertinent retirement plan information.
B.
Employers are required to offer retirement plans.
C.
Fiduciaries of the retirement plan may be held accountable for breaches of responsibility.
D.
There are specific timeframes over which retirement plan benefits become nonforfeitable.
2. Which statement is incorrect regarding wage garnishments?
Answer:
A.
They are only ordered by a court or other legal proceeding.
B.
The amount of the garnishment is based on disposable earnings.
C.
The limit can be increased for child support.
D.
If multiple garnishments are in effect, they are satisfied in the order in which they were received.
3. Which statement about Social Security tax is accurate?
Answer:
A.…
which of the following is not a specific risk to individual for violations of AML Laws?
Civil Penalties,, loss of passport, termination of employment or criminal penalties
Chapter 6 Solutions
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Ch. 6 - The totals from the payroll register of Olt...Ch. 6 - Olt Companys gross payroll for the week of January...Ch. 6 - _____ 1. 1. Employees earnings record A. Expense...Ch. 6 - Prob. 1QRCh. 6 - For what reason are distribution columns sometimes...Ch. 6 - Prob. 3QRCh. 6 - Prob. 4QRCh. 6 - Prob. 5QRCh. 6 - Prob. 6QRCh. 6 - Prob. 7QR
Ch. 6 - What portions of an employees take-home pay are...Ch. 6 - Prob. 9QRCh. 6 - Prob. 10QRCh. 6 - Prob. 11QRCh. 6 - What must the employer do with unclaimed...Ch. 6 - What special accounts must usually be opened in...Ch. 6 - Prob. 14QRCh. 6 - Prob. 15QRCh. 6 - Prob. 16QRCh. 6 - What accounts are debited and credited when an...Ch. 6 - Prob. 18QRCh. 6 - Prob. 19QRCh. 6 - Prob. 20QRCh. 6 - Prob. 1QDCh. 6 - Prob. 2QDCh. 6 - Prob. 3QDCh. 6 - Prob. 1PACh. 6 - Prob. 2PACh. 6 - a. Cal Ruther, an employer, is subject to FICA...Ch. 6 - The employees of Donnelly Music Company earn total...Ch. 6 - Vulcra, Inc., has a semimonthly payroll of 67,000...Ch. 6 - Prob. 6PACh. 6 - Prob. 7PACh. 6 - The employees of Pelter Company earn wages of...Ch. 6 - The following information pertains to a weekly...Ch. 6 - Prob. 10PACh. 6 - On December 31, 20--, Karmansky Company needed to...Ch. 6 - Kelsey Gunn is the only employee of Arsenault...Ch. 6 - Prob. 13PACh. 6 - At the end of April, Hernandez Company had a...Ch. 6 - Prob. 15PACh. 6 - In the Illustrative Case in this chapter, payroll...Ch. 6 - Prob. 1PBCh. 6 - Prob. 2PBCh. 6 - Prob. 3PBCh. 6 - The employees of Carson Bakery Company earn total...Ch. 6 - Purnell, Inc., has a semimonthly payroll of 53,900...Ch. 6 - Adams, Inc., pays its employees weekly wages in...Ch. 6 - Prob. 7PBCh. 6 - The employees of Portonegra Company earn wages of...Ch. 6 - The following information pertains to a weekly...Ch. 6 - Prob. 10PBCh. 6 - Prob. 11PBCh. 6 - Prob. 12PBCh. 6 - Prob. 13PBCh. 6 - At the end of June, Morton Company had a balance...Ch. 6 - Prob. 15PBCh. 6 - In the Illustrative Case in this chapter, payroll...Ch. 6 - Frank Flynn is the payroll manager for Powlus...
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