FPC Payroll Fundamentals Exam Questions
With Correct Answers
Worker that has Fed, OASDI, Medicare, State withheld - CORRECT ANSWER✔✔-
| | | | | | | | | |
Employee
Worker that requires the employer to pay ER taxes - CORRECT ANSWER✔✔-
| | | | | | | | | | |
Employee
Worker that receives W2 form - CORRECT ANSWER✔✔-Employee
| | | | | | |
Worker that does not have taxes withheld - CORRECT ANSWER✔✔-Independent
| | | | | | | | | |
Contractor
Worker that has TIN - CORRECT ANSWER✔✔-Independent Contractor
| | | | | | |
Worker that receives 1099 Form - CORRECT ANSWER✔✔-Independent Contractor
| | | | | | | |
Asks how independent is the employee and how much control can be exervised
| | | | | | | | | | | | |
over the worker. - CORRECT ANSWER✔✔-Common Law Test
| | | | | | |
A worker cannot sign a new contract stating that they will be an indepndent
| | | | | | | | | | | | | |
contractor. - CORRECT ANSWER✔✔-Common Law Test
| | | | |
, Employer has treated similar workers as independent contractors for any period
| | | | | | | | | | |
and has filed tax returns - CORRECT ANSWER✔✔-Reasonable Basis Test
| | | | | | | | |
Longstanding industry standard of treating similar workers as independent
| | | | | | | | |
contractors - CORRECT ANSWER✔✔-Reasonable Basis Test
| | | | |
Court decisions for treating workers in similar circumstances as independent
| | | | | | | | | |
contractors - CORRECT ANSWER✔✔-Reasonable Basis Test
| | | | |
IRS has ruled in a "published ruling" that the workers are indpendent contractors
| | | | | | | | | | | |
|- CORRECT ANSWER✔✔-Reasonable Basis Test
| | | |
Temporary Service Provider or Leasing Company - CORRECT ANSWER✔✔-Pays
| | | | | | | | |
employees and taxes instead of company the employee is performing services for
| | | | | | | | | | |
Immigration reform and Control Act of 1986 (IRCA) - CORRECT ANSWER✔✔-
| | | | | | | | | |
Requires employer to verify employees' eligibility for employment in the US.
| | | | | | | | | |
Penalties for Violating IRCA - CORRECT ANSWER✔✔-$375 for the first offence and
| | | | | | | | | | |
$16,000 for the third
| | | |
Antidiscrimination under IRCA - CORRECT ANSWER✔✔-The law prohibits | | | | | | | |
discrimination in hiring or recruiting workers on the basis of national origin or
| | | | | | | | | | | | |
citizenship
With Correct Answers
Worker that has Fed, OASDI, Medicare, State withheld - CORRECT ANSWER✔✔-
| | | | | | | | | |
Employee
Worker that requires the employer to pay ER taxes - CORRECT ANSWER✔✔-
| | | | | | | | | | |
Employee
Worker that receives W2 form - CORRECT ANSWER✔✔-Employee
| | | | | | |
Worker that does not have taxes withheld - CORRECT ANSWER✔✔-Independent
| | | | | | | | | |
Contractor
Worker that has TIN - CORRECT ANSWER✔✔-Independent Contractor
| | | | | | |
Worker that receives 1099 Form - CORRECT ANSWER✔✔-Independent Contractor
| | | | | | | |
Asks how independent is the employee and how much control can be exervised
| | | | | | | | | | | | |
over the worker. - CORRECT ANSWER✔✔-Common Law Test
| | | | | | |
A worker cannot sign a new contract stating that they will be an indepndent
| | | | | | | | | | | | | |
contractor. - CORRECT ANSWER✔✔-Common Law Test
| | | | |
, Employer has treated similar workers as independent contractors for any period
| | | | | | | | | | |
and has filed tax returns - CORRECT ANSWER✔✔-Reasonable Basis Test
| | | | | | | | |
Longstanding industry standard of treating similar workers as independent
| | | | | | | | |
contractors - CORRECT ANSWER✔✔-Reasonable Basis Test
| | | | |
Court decisions for treating workers in similar circumstances as independent
| | | | | | | | | |
contractors - CORRECT ANSWER✔✔-Reasonable Basis Test
| | | | |
IRS has ruled in a "published ruling" that the workers are indpendent contractors
| | | | | | | | | | | |
|- CORRECT ANSWER✔✔-Reasonable Basis Test
| | | |
Temporary Service Provider or Leasing Company - CORRECT ANSWER✔✔-Pays
| | | | | | | | |
employees and taxes instead of company the employee is performing services for
| | | | | | | | | | |
Immigration reform and Control Act of 1986 (IRCA) - CORRECT ANSWER✔✔-
| | | | | | | | | |
Requires employer to verify employees' eligibility for employment in the US.
| | | | | | | | | |
Penalties for Violating IRCA - CORRECT ANSWER✔✔-$375 for the first offence and
| | | | | | | | | | |
$16,000 for the third
| | | |
Antidiscrimination under IRCA - CORRECT ANSWER✔✔-The law prohibits | | | | | | | |
discrimination in hiring or recruiting workers on the basis of national origin or
| | | | | | | | | | | | |
citizenship
