FPC Certification questions and answers 100% verified.

FPC Certification questions and answers 100% verified. FLSA - correct answers.Fair Labor Standards Act Journal - correct answers.Debits and credits to a specific ledger accout Is batch processing interactive? - correct answers.No By when must employers inform employees to submit a new W-4 if marital status or # of allowances have changed? - correct answers.December 1st Are non qualified deferred compensations plans subject to contribution limits? - correct answers.No What plans are subject to contribution limits? - correct answers.401K, 457b, 403b What form is used to correct mistakes done on form 941? - correct answers.Form 941-X How many billing cycles does an employer have to update their payroll for changes to employee's W-4? - correct answers.Two billing cycles (?) The ability of a payroll department to provide accurate paychecks on a timely basis is an example of the customer service principle of ___________. - correct answers.Reliability FUTA - correct answers.Federal Unemployment Tax Act Common Law Test is made up of what three things? - correct ioral control, relationship of the parties, financial control What are criteria used in calculating an employees federal income tax? - correct answers.# of allowances, pay frequency, marital status Tangibles that a payroll department displays are: - correct answers.Physical facilities, organization, appearance of the payroll staff If an employee's spouse passes away, when must the employee submit an amended W-4? - correct answers.January 1st of the following year What pay is considered discretionary? - correct answers.Holiday pay The payment of a creditor's wage garnishment withheld from the employee's wage will decrease both the _________ and _____________. - correct s, liabilities How frequently does federal law require master files to be updated? - correct answers.There are no federal requirements for frequency of updates FUTA taxes of more than $500.00 on wages paid in the first quarter must be deposited by when? - correct answers.April 30th Under FLSA, a record of employees must be retained for how long? - correct answers.Two years TRUE or FALSE: Under deposited payroll tax liability is subject to penalties for late deposit even if corrected within five days. - correct answers.TRUE Under FLSA white collar exemption rules, an exempt executive employee must meet the following criteria: - correct answers.Managing a recognized department, Directing the work of two or more full time employees, Being paid a weekly salary of at least $455.00. In what order does an employee need to withhold deductions for health insurance and union dues? - correct answers.Any order the employee chooses Form W-9 - correct answers.Request for Taxpayer Identification Number and Certification What must an employer do if an independent contractor fails to provide a TIN? - correct answers.A 28% backup withholding tax on nonwage payments is withheld if the payee has failed to provide a Taxpayer Identification Number (TIN) or the IRS has notified the payer that the TIN is incorrect.