Given the following ActiveModel::Serializer class:
class SampleSerializer < ActiveModel::Serializer
  attributes :id, :name
end
How can this be tested with RSpec?
This answer assumes you have the rspec-rails, active_model_serializers and factory_girl_rails gems installed and configured.
This answer also assumes you have defined a factory for the Sample resource.
For the current version(0.10.0.rc3) of active_model_serializers at the time of writing, ActiveModel::Serializer classes do not receive to_json and are , instead, wrapped in an adapter class. To obtain the serialization of a model wrapped in a serializer instance, an instance of an adapter must be created:
before(:each) do
  # Create an instance of the model
  @sample = FactoryGirl.build(:sample)
  # Create a serializer instance
  @serializer = SampleSerializer.new(@sample)
  # Create a serialization based on the configured adapter
  @serialization = ActiveModelSerializers::Adapter.create(@serializer)
end
The adapter instance receives the to_json method and returns the serialization of the model. 
subject { JSON.parse(@serialization.to_json) }
Expectations can then be run on the JSON returned.
it 'should have a name that matches' do
  expect(subject['name']).to eql(@sample.name)
end
When parsing the JSON response, the adapter configuration must be taken into consideration:
The default config, :attributes, generates a JSON response without a root key:
subject { JSON.parse(@serialization.to_json) }
The :json config generates a JSON response with a root key based on the model's name:
subject { JSON.parse(@serialization.to_json)['sample'] }
The :json_api config generates a JSON that conforms to the jsonapi standard:
subject { JSON.parse(@serialization.to_json)['data']['attributes'] }
When using active_model_serializers, there is a much easier way by simply calling serializable_hash on the serializer:
it 'should include a correct name' do
  sample = FactoryBot.create(:sample)
  serializer = SampleSerializer.new(sample)
  expect(serializer.serializable_hash[:name]).to eq 'Heisenberg'
end
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