This act added sections 123 and 401(k) to the tax code.
a. Taxpayer Relief Act (TRA) 1997
b. Revenue Act 1978
c. Tax Reform Act 1986
b. What is Revenue Act 1978.
100
Base pay/wages, Differential pay, Short-term incentive pay, Commissions and bonuses, Long-term incentive pay
a. Direct compensation
b. Indirect compensation
c. Pay systems
What is Direct compensation.
100
This act established prevailing wage and benefit requirements for contractors on federally funded construction projects.
a. DAVIS-BACON ACT & RELATED ACTS 1931
b. COPELAND "ANTI-KICKBACK" ACT 1934
c. SECURITIES AND EXCHANGE ACT 1934
What is the DAVIS-BACON ACT & RELATED ACTS 1931.
100
Nonexempt employees are not excluded from minimum wage pay requirements and are entitles to overtime pay.
A. True
B. False
What is TRUE.
100
This act prohibits unequal pay for equal or “substantially equal” work performed by men and women. (The Equal Pay Act)
a. True
b. False
What is TRUE?
200
This act prohibits discrimination against individuals on the basis of their genetic information in employment and health care.
a. Health Insurance Portability and Accountability Act (HIPAA) 1996
b. Genetic Information Nondiscrimination Act (GINA) 2007
c. Retirement Equity Act (REA) 1984
What is the Genetic Information Nondiscrimination Act (GINA) 2007.
200
This refers to all forms of financial and nonfinancial returns that employees receive from their employers.
a. Indirect rewards
b. direct rewards
c. compensation
What is direct rewards.
200
This act extended the concept of prevailing wage to employers who manufacture or supply goods under government contracts and required time and a half.
a. WALSH-HEALEY ACT 1936
b. COPELAND "ANTI-KICKBACK" ACT 1934
c. FAIR LABOR STANDARDS ACT (FLSA) 1938
What is the WALSH-HEALEY ACT 1936.
200
Exempt employees are only excluded from overtime pay requirements of the law.
What is FALSE. (the minimum wage)
200
Lilly Bedwetter Fair Pay Act
States that the statue of limitations on pay discrimination lawsuits resets as each allegedly discriminatory paycheck is issued.
What is False?
300
This act amended ADEA to include all employee benefits; also provided terminated employees with time to consider group termination or retirement programs and consult an attorney.
a. Older Workers Benefit Protection Act (OWBPA) 1990
b. Pension Protection Act 2006
c. Retirement Equity Act (REA) 1984
a. What is the Older Workers Benefit Protection Act (OWBPA) 1990.
300
Deferred pay, Pay for time not worked;such as vacation, Unpaid leave, Flexible benefit plans, Recognition and achievement awards (noncash).
a. Direct compensation
b. Indirect Compensation
c. Benefits
What is Indirect Compensation.
300
This act prohibits federal contractors from receiving kickbacks from employees or subcontractors for wages earned on federal projects.
a. FAIR LABOR STANDARDS ACT (FLSA) 1938
b. Securities and Exchange ACT 1934
c. Copeland Anti-Kickback Act 1934
What is COPELAND "ANTI-KICKBACK" ACT 1934.
300
Nonexempt employees must be paid on a salary basis at not less that 455 per week.
What is FALSE. (EXEMPT)
300
Equal skills, equal efforts, equal responsibility, and similar working conditions in the same establishment is:
a. Direct benefits.
b. Equal work.
c. Pay disparity
What is Equal work.
400
This act provides individuals and dependents who may lose medical coverage with opportunity to pay to continue coverage.
a. Consolidated Omnibus Budget Reconciliation Act (COBRA) 1985.
b. Service Contract Act 1965
c. Surbanes-Oxley Act (SOX) 2002
What is the Consolidated Omnibus Budget Reconciliation Act (COBRA) 1985.
400
Work variety- Opportunities to experience different jobs tasks, responsibilities and project opportunities.
Workload- Work that can be accomplished in time allotted.
Work importance- Value of work to organization or society.
Work conditions.
a. Benefits
b. Compensation
c. Rewards
What is Rewards?
400
This act regulates employee status, overtime pay, child labor, minimum wage, record keeping, and other administrative concerns.
a. FAIR LABOR STANDARDS ACT (FLSA) 1938
b. Revenue Act 1938
c. Tax Relief Reconciliation Act 1936
What is FLSA.
400
FLSA exemptions. Generally, in order for an employee to be exempt, three requirements must be met: 1.minimum salary 2.Paid on a salary basis (without improper deductions) 3.Non-exempt duties
What is FALSE? (exempt duties)
400
This act provided certain legal protections for spousal beneficiaries of qualified retirement plans.
a. Retirement Equity Act (REA) 1984
b. Portal-to-Portal Act 1947
c. Pension Protection Act 2006
What is the Retirement Equity Act (REA) 1984?
500
This act imposed a mandatory 20% federal income tax withholding requirement on most qualified retirement plan proceeds that a recipient does not roll over into another qualified retirement plan or individual retirement account.
a. Retirement Equity Act (REA) 1984
b. Pension Protection Act 2006
c. Unemployment compensation Amendments (UCA) 1992
What is the unemployment compensation Amendments (UCA) 1992
500
Compensation and Benefits is positioned as an _________ part of an organizations strategic direction.
a. tactical
b. intrinsic
c. external
What is intrinsic.
500
This act regulated "insider trading."
a. Securities and Exchange ACT 1934
b. Tax Reform Act 1936
c. Bears and Bulls Act 1933
What is the Securities and Exchange ACT 1934.
500
To qualify for exemption, these employees must work in a bona fide manner in, for example, executive, administrative, professional, AND outside sales positions.
What is TRUE?
500
Their compensation programs are more performance-driven.
a. Entitlement-Oriented Culture
b. Contribution-oriented Culture