FPC Review UPDATED ACTUAL Exam
Questions and CORRECT Answers
Under the FLSA, which pay hours can be counted towards determining the regular rate of pay:
Vacation, Holiday, Sick, or None of the above. - CORRECT ANSWER - None of the
above
Does the FLSA require overtime be paid weekly? - CORRECT ANSWER - No
What agreement must be made between the hospital/nursing home personnel and employee to
use the 14-day work period instead of the 7-day work week for computing overtime before the
work is performed? - CORRECT ANSWER - 8/80 rule
A work week as defined by the FLSA is a fixed, recurring period of how many consecutive
hours? - CORRECT ANSWER - 168
Are employees who are covered by the FLSA minimum wage and overtime requirements
exempt? - CORRECT ANSWER - No
If an employee reports new hires magnetically or electronically, how many times must the data
be sent in a calendar month? - CORRECT ANSWER - At least two transmissions, 12-16
days apart
Employers can verify a newly hired employee's eligibility to work in the the US using what
system? - CORRECT ANSWER - E-Verify
Waiting time that is compensable if the employee is on the employer's premises, does not have
ample time to conduct personal business and is waiting for a short period until s/he can
commence work is called what? - CORRECT ANSWER - Engaged to be waiting
What are the tests to determine if employees are covered by FLSA? - CORRECT
ANSWER - Enterprise (2 or more employees engaged in interstate commerce > $500K
, and always hospitals, gov't, schools, nursing care) and Individual (engaged in interstate
commerce, even if employer is not covered)
When a paycheck is voided in a subsequent quarter, what issues need to be addressed? -
CORRECT ANSWER - Corrections may be needed to 941s, state tax and unemployment
reports, possibly a W-2C
Payroll compliance is... - CORRECT ANSWER - Processing federal, state and local
withholding, depositing and reporting requirements on a timely basis and paying employees as
required by FLSA and state wage and hour rules
What is a Zero Balance Account? - CORRECT ANSWER - When all payroll checks have
cleared the account, the account balance should be zero.
Once data is entered in the system, it will calculate, update records and return results to the the
user so it is available immediately. This is called what? - CORRECT ANSWER - Online
real-time processing
Payroll bank accounts should be reconciled how often? - CORRECT ANSWER - Monthly
Is prenotification mandatory? - CORRECT ANSWER - No
An open check number may signify what? - CORRECT ANSWER - A manual check has
not been recorded or an employee has not cashed the check
What are the benefits for employees paid by paycards? - CORRECT ANSWER - Cost
savings, convenience, safety, time savings
What information is required to set up direct deposit? - CORRECT ANSWER - Type of
account, account and bank routing numbers
Questions and CORRECT Answers
Under the FLSA, which pay hours can be counted towards determining the regular rate of pay:
Vacation, Holiday, Sick, or None of the above. - CORRECT ANSWER - None of the
above
Does the FLSA require overtime be paid weekly? - CORRECT ANSWER - No
What agreement must be made between the hospital/nursing home personnel and employee to
use the 14-day work period instead of the 7-day work week for computing overtime before the
work is performed? - CORRECT ANSWER - 8/80 rule
A work week as defined by the FLSA is a fixed, recurring period of how many consecutive
hours? - CORRECT ANSWER - 168
Are employees who are covered by the FLSA minimum wage and overtime requirements
exempt? - CORRECT ANSWER - No
If an employee reports new hires magnetically or electronically, how many times must the data
be sent in a calendar month? - CORRECT ANSWER - At least two transmissions, 12-16
days apart
Employers can verify a newly hired employee's eligibility to work in the the US using what
system? - CORRECT ANSWER - E-Verify
Waiting time that is compensable if the employee is on the employer's premises, does not have
ample time to conduct personal business and is waiting for a short period until s/he can
commence work is called what? - CORRECT ANSWER - Engaged to be waiting
What are the tests to determine if employees are covered by FLSA? - CORRECT
ANSWER - Enterprise (2 or more employees engaged in interstate commerce > $500K
, and always hospitals, gov't, schools, nursing care) and Individual (engaged in interstate
commerce, even if employer is not covered)
When a paycheck is voided in a subsequent quarter, what issues need to be addressed? -
CORRECT ANSWER - Corrections may be needed to 941s, state tax and unemployment
reports, possibly a W-2C
Payroll compliance is... - CORRECT ANSWER - Processing federal, state and local
withholding, depositing and reporting requirements on a timely basis and paying employees as
required by FLSA and state wage and hour rules
What is a Zero Balance Account? - CORRECT ANSWER - When all payroll checks have
cleared the account, the account balance should be zero.
Once data is entered in the system, it will calculate, update records and return results to the the
user so it is available immediately. This is called what? - CORRECT ANSWER - Online
real-time processing
Payroll bank accounts should be reconciled how often? - CORRECT ANSWER - Monthly
Is prenotification mandatory? - CORRECT ANSWER - No
An open check number may signify what? - CORRECT ANSWER - A manual check has
not been recorded or an employee has not cashed the check
What are the benefits for employees paid by paycards? - CORRECT ANSWER - Cost
savings, convenience, safety, time savings
What information is required to set up direct deposit? - CORRECT ANSWER - Type of
account, account and bank routing numbers
