FPC Payroll Fundamentals Questions and Answers Rated A+

FPC Payroll Fundamentals Questions and Answers Rated A+ Who is a worker with federal, OASDI, Medicare, and state taxes withheld from their paycheck? Employee Who is a worker for whom the employer must pay employer taxes? Employee Who is the worker that receives a W-2 form at the end of the year? Employee Who is the worker that does not have taxes withheld by the employer? Independent Contractor Who is a worker identified by a TIN? Independent Contractor Who is the worker that receives a 1099 form? Independent Contractor What test examines the degree of independence and control an employer has over a worker? Common Law Test Which test states that a worker cannot simply sign a contract to be classified as an independent contractor? Common Law Test What test considers the employer's history of treating similar workers as independent contractors and filing tax returns accordingly? Reasonable Basis Test What test takes into account the industry standard for treating similar workers as independent contractors? Reasonable Basis Test What test involves court rulings on treating workers in similar situations as independent contractors? Reasonable Basis Test What test includes IRS published rulings that classify workers as independent contractors? Reasonable Basis Test Who pays the employees and taxes instead of the company for which the employees perform services? Temporary Service Provider or Leasing Company Which act requires employers to verify the eligibility of employees to work in the United States? Immigration Reform and Control Act of 1986 (IRCA) What are the penalties for violating the IRCA for the first and third offenses? $375 for the first offense and $16,000 for the third offense What does the IRCA's antidiscrimination provision prohibit? Discrimination in hiring or recruiting workers based on national origin or citizenship Verification of eligitability The burden of verifying that any employee is eligible to work in this country falls on the employer. All employees hired after November 6, 1989 must be verified. When must Section 1 of Form I-9 be