FPC Payroll Study Guide Exam Actual
Questions and Answers 2026
Definition of Supplemental Wage? -
correct answer ✅Fair Market Value of Personal Auto Use
Adoption Assistance Benefits 2023 Amount Limit Exempt from
FITW? -
correct answer ✅$15,950
Federal Rate for Car Reimbursement per Business Mile? -
correct answer ✅$0.655
2023 Hourly Paid Computer Professionals Exempt from OT pay:
FLSA Wage is? -
correct answer ✅$27.63
If the employer is involved in interstate commerce and the state
rate is lower than federal, than the federal wage is favorable to use
if state rate per hour is lower than? -
correct answer ✅$7.25
Under a recent Court interpretation, a restricted deduction cannot
be taken in from wages earned in an ___________ week? Such as
,FPC Payroll Study Guide Exam Actual
Questions and Answers 2026
uniform deduction from a new employer. -
correct answer ✅Overtime - $0 will be deducted
Office manager Chelsea has no shares in W&H Company. How
much taxable income, if any, must Chelsea recognize each month
for the transit pass she receives in the amount of $275? -
correct answer ✅$275 − the 2023 tax-free limit of $300
($0 is recognized as taxable)
What is the 2023 Tax-Free Limit Amount for Transportation Fringe
Benefit? -
correct answer ✅$300 - Anything over is taxable
How , if at all , are payments made to employees during absence
from work due to illness under their employer's sick pay / disability
plan treated for social security and Medicare taxation? -
correct answer ✅Social Security and Medicare taxable for the first
6 calendar months
Under the FLSA , all of the following payments are included in the
regular rate of pay except;
a. Remuneration paid employees
, FPC Payroll Study Guide Exam Actual
Questions and Answers 2026
b. Salaries, commissions, bonuses
c. Holiday pay
d. Room and board provided by employer -
correct answer ✅c. Holiday pay
To qualify as an executive exempt from the minimum wage and
overtime requirements of the FLSA, what must the employee's
responsibilities include? -
correct answer ✅Manage 2 or more full-time equivalent
employees
When must an employee file a new Form W-4 in 2023 to continue
exempt status from 2022? -
correct answer ✅February 15
What is the minimum a nonexempt employee must be paid under
the FLSA when the employee is paid $8.00 per hour for the first 30
hours of work and $ 10.00 per hour for the next 20 hours of work in
a workweek? -
correct answer ✅$484.00
Questions and Answers 2026
Definition of Supplemental Wage? -
correct answer ✅Fair Market Value of Personal Auto Use
Adoption Assistance Benefits 2023 Amount Limit Exempt from
FITW? -
correct answer ✅$15,950
Federal Rate for Car Reimbursement per Business Mile? -
correct answer ✅$0.655
2023 Hourly Paid Computer Professionals Exempt from OT pay:
FLSA Wage is? -
correct answer ✅$27.63
If the employer is involved in interstate commerce and the state
rate is lower than federal, than the federal wage is favorable to use
if state rate per hour is lower than? -
correct answer ✅$7.25
Under a recent Court interpretation, a restricted deduction cannot
be taken in from wages earned in an ___________ week? Such as
,FPC Payroll Study Guide Exam Actual
Questions and Answers 2026
uniform deduction from a new employer. -
correct answer ✅Overtime - $0 will be deducted
Office manager Chelsea has no shares in W&H Company. How
much taxable income, if any, must Chelsea recognize each month
for the transit pass she receives in the amount of $275? -
correct answer ✅$275 − the 2023 tax-free limit of $300
($0 is recognized as taxable)
What is the 2023 Tax-Free Limit Amount for Transportation Fringe
Benefit? -
correct answer ✅$300 - Anything over is taxable
How , if at all , are payments made to employees during absence
from work due to illness under their employer's sick pay / disability
plan treated for social security and Medicare taxation? -
correct answer ✅Social Security and Medicare taxable for the first
6 calendar months
Under the FLSA , all of the following payments are included in the
regular rate of pay except;
a. Remuneration paid employees
, FPC Payroll Study Guide Exam Actual
Questions and Answers 2026
b. Salaries, commissions, bonuses
c. Holiday pay
d. Room and board provided by employer -
correct answer ✅c. Holiday pay
To qualify as an executive exempt from the minimum wage and
overtime requirements of the FLSA, what must the employee's
responsibilities include? -
correct answer ✅Manage 2 or more full-time equivalent
employees
When must an employee file a new Form W-4 in 2023 to continue
exempt status from 2022? -
correct answer ✅February 15
What is the minimum a nonexempt employee must be paid under
the FLSA when the employee is paid $8.00 per hour for the first 30
hours of work and $ 10.00 per hour for the next 20 hours of work in
a workweek? -
correct answer ✅$484.00
