Payroll Exam Questions with Correct Answers 100% Pass

Payroll Exam Questions with Correct Answers 100% Pass Statutory Employee - self- employed person, considered an employee for tax purposes holiday pay - Under the Fair Labor Standards Act (FLSA), an employer is bound to all but which of the following requirements? $2.13 - Minimum wage for tipped employees Federal unemployment tax - Which employment tax is not required to be withheld from employee paychecks? $147,000 - What is the maximum amount of earnings that are subject to Social Security tax in 2022? Increasing a bonus to cover extra taxes that will be owed by the employee - When might an employer gross up an employee's income? Form 940 - Which Internal Revenue Service (IRS) form is used to report an employer's Federal Unemployment tax (FUTA)? 2Katelyn Whitman, All Rights Reserved © 2025 C. Both A and B - When must an organization collect an IRS Form W-9 from an individual? A. When hiring an independent contractor. B. To enable donors to claim a tax deduction. C. Both A and B. D. None of the above. 17 years of age and meeting requirements for time spent driving and vehicle weight - The minimum age at which an employee may operate a motor vehicle on public roads is... The copyright to the work must be retained by the business - Under the FLSA, which test is not required for exemption as a creative professional employee? Business-based provider - In a shared services environment, which type of service provider performs services after coming to an agreement with the customer and bases the price on the services used? At least 12 months working with the employer, with 1,250 hours worked within the last 12 months - What qualifies an employee for benefits under the Family and Medical Leave Act of 1993? Income must be available to the taxpayer without substantial limitations - Which condition must be met in order for income to be constructively received by a taxpayer? The Individual State - Which of the following regulates how often employees must be paid by an employer? 3Katelyn Whitman, All Rights Reserved © 2025 Payroll services - Escheat laws cover which type of check issued by a company? Send the unclaimed property to the state government - What procedure is followed when an account has been inactive for a period of time and the company has been unable to contact the owner of the funds? D. All of the above - Which of the following expenses can be included in a Section 125 plan? A. Insurance premiums. B. Out-of-pocket medical expenses. C. Child care expenses. D. All of the above. Wrong Employer Identification Number - What is a