FPC Certification questions and answers 100% verified.

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FPC Certification questions and answers
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100% verified. x

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FLSA x- xcorrect xanswers.Fair xLabor xStandards xAct x
x

Journal x- xcorrect xanswers.Debits xand xcredits xto xa xspecific xledger xaccout x
x

Is xbatch xprocessing xinteractive? x- xcorrect xanswers.No x
x

By xwhen xmust xemployers xinform xemployees xto xsubmit xa xnew xW-4 xif xmarital xstatus xor
x# xof x
x
allowances xhave xchanged? x- xcorrect xanswers.December
x1st
x

Are xnon xqualified xdeferred xcompensations xplans xsubject xto xcontribution xlimits? x-
xcorrect x
x
answers.No
x

What xplans xare xsubject xto xcontribution xlimits? x- xcorrect xanswers.401K, x457b, x403b x
x

What xform xis xused xto xcorrect xmistakes xdone xon xform x941? x- xcorrect xanswers.Form
x941-X x
x

How xmany xbilling xcycles xdoes xan xemployer xhave xto xupdate xtheir xpayroll xfor
xchanges xto x
x
employee's xW-4? x- xcorrect xanswers.Two xbilling xcycles
x(?)
x

The xability xof xa xpayroll xdepartment xto xprovide xaccurate xpaychecks xon xa xtimely xbasis
xis xan xexample xof xthe xcustomer xservice xprinciple xof x___________. x- xcorrect

xanswers.Reliability xFUTA x- xcorrect xanswers.Federal xUnemployment xTax xAct x
x

Common xLaw xTest xis xmade xup xof xwhat x three x things? -
x x correct
xanswers.behavioral x
x
control, xrelationship xof xthe xparties, xfinancial
xcontrol
x

, What xare xcriteria xused xin xcalculating xan xemployees xfederal xincome xtax? x-
xcorrect x
x
answers.# xof xallowances, xpay xfrequency, xmarital
xstatus
x

Tangibles xthat xa xpayroll xdepartment xdisplays xare: x- xcorrect xanswers.Physical
xfacilities, x
x
organization, xappearance xof xthe xpayroll
xstaff
x

If xan xemployee's xspouse xpasses xaway, xwhen xmust xthe xemployee xsubmit xan
xamended x
x
W-4? x- xcorrect xanswers.January x1st xof xthe xfollowing
xyear
x

What xpay xis xconsidered xdiscretionary? x- xcorrect xanswers.Holiday xpay x
x

The xpayment xof xa xcreditor's xwage xgarnishment xwithheld xfrom xthe xemployee's xwage
xwill xdecrease xboth xthe x_________ xand x_____________. x- xcorrect xanswers.assets,

xliabilities x
x

How xfrequently xdoes xfederal xlaw xrequire xmaster xfiles xto xbe xupdated? x-
xcorrect x
x
answers.There xare xno xfederal xrequirements xfor xfrequency xof
xupdates
x

FUTA xtaxes xof xmore xthan x$500.00 xon xwages xpaid xin xthe xfirst xquarter xmust xbe
xdeposited x
x
by xwhen? x- xcorrect xanswers.April
x30th
x

Under xFLSA, xa xrecord xof xemployees xmust xbe xretained xfor xhow xlong? x-
xcorrect x
x
answers.Two
xyears
x

TRUE xor xFALSE: xUnder xdeposited xpayroll xtax xliability xis xsubject xto xpenalties xfor
xlate x
x
deposit xeven xif xcorrected xwithin xfive xdays. x- xcorrect
xanswers.TRUE
x

Under xFLSA xwhite xcollar xexemption xrules, xan xexempt xexecutive xemployee xmust
xmeet


the xfollowing xcriteria: x- xcorrect xanswers.Managing xa xrecognized xdepartment,
xDirecting x
x
the xwork xof xtwo xor xmore xfull xtime xemployees, xBeing xpaid xa xweekly xsalary xof xat
xleast