Payroll Exam 6 Latest 2024/2025
Updated Questions and Answers 100%
Correct
A Taxpayer Identification Number and name reported on Form
1099-MISC can be checked by using the - ANSWER-IRS's
Social Security Number Verification System.
Which of the following workers is an independent contractor? -
ANSWER-An engineer employing assistants to complete a
project
Under the FLSA, a workweek consists of how many hours? -
ANSWER-The correct answer is 168. (24 hours X 7 Days)
Under the FLSA, when determining whether a nonexempt
employee is to be paid overtime, the employer uses the hours
worked in a: - ANSWER-workweek (Overtime is defined as all
time physically worked over 40 hours in a workweek. The FLSA
requires that nonexempt employees be paid at least 150% of
,their regular rate of pay for all hours physically worked over 40
in a workweek).
Under the FLSA, what is the minimum amount that a tipped
employee, who receives at least $30.00 in tips per month, can
receive in cash wages? - ANSWER-$2.13 per hour ( A pay rate
of $2.13 per hour for tipped employees when the minimum
wage is $7.25 per hour means that employers can take a tip
credit of up to $5.12 per hour, when the tips received by the
employee are at least $5.12 per hour)
A 15-year-old employee works part-time. Under the FLSA,
during the summer months, what hours can the employee work?
- ANSWER-Only until 9:00 p.m. (They also can work only
between 7 a.m. and 7 p.m. (expanded to between 7 a.m. and 9
p.m. from June 1 through Labor Day).
A tipped employee is paid $3.50 per hour. During the first week
of 2015, the employee works 40 hours and receives $125.00 in
tips. Under the FLSA, the tipped employee's total compensation
must be a minimum of: - ANSWER-7.25
( 125/40)+3.50= 6.63-less than minimum wage
, Employers must remind employees to complete an amended
Form W-4 if they have any changes in status: - ANSWER-by
December 1 of each year.
An employee who is a full-time student is claimed as a
dependent by her parents. What conditions must exist for the
employee to claim exempt status on Form W-4? - ANSWER-
Total income is less than $1,050.00 including unearned income
of less than $350.00
An employee's spouse died on July 1. When must the employee
file a new Form W-4 with the employer? - ANSWER-Before the
first pay period of the next year (The death of a spouse does not
require the surviving spouse to file a new Form W-4 until
January 1 of the year after the spouse's death)
For a tipped employee to be paid $2.13 per hour, what is the
minimum amount of tips the employee must receive each
month? - ANSWER-$30.00
(Under the FLSA, employers may pay tipped employees (who
receive at least $30 in tips during a month) $2.13 per hour as
long as the amount of the employee's tips is enough to raise the
employee's regular rate of pay to the minimum wage for the
workweek. If the tips are not enough to raise the regular rate of
pay to ($7.25 per hour) for the workweek, the employer must
Updated Questions and Answers 100%
Correct
A Taxpayer Identification Number and name reported on Form
1099-MISC can be checked by using the - ANSWER-IRS's
Social Security Number Verification System.
Which of the following workers is an independent contractor? -
ANSWER-An engineer employing assistants to complete a
project
Under the FLSA, a workweek consists of how many hours? -
ANSWER-The correct answer is 168. (24 hours X 7 Days)
Under the FLSA, when determining whether a nonexempt
employee is to be paid overtime, the employer uses the hours
worked in a: - ANSWER-workweek (Overtime is defined as all
time physically worked over 40 hours in a workweek. The FLSA
requires that nonexempt employees be paid at least 150% of
,their regular rate of pay for all hours physically worked over 40
in a workweek).
Under the FLSA, what is the minimum amount that a tipped
employee, who receives at least $30.00 in tips per month, can
receive in cash wages? - ANSWER-$2.13 per hour ( A pay rate
of $2.13 per hour for tipped employees when the minimum
wage is $7.25 per hour means that employers can take a tip
credit of up to $5.12 per hour, when the tips received by the
employee are at least $5.12 per hour)
A 15-year-old employee works part-time. Under the FLSA,
during the summer months, what hours can the employee work?
- ANSWER-Only until 9:00 p.m. (They also can work only
between 7 a.m. and 7 p.m. (expanded to between 7 a.m. and 9
p.m. from June 1 through Labor Day).
A tipped employee is paid $3.50 per hour. During the first week
of 2015, the employee works 40 hours and receives $125.00 in
tips. Under the FLSA, the tipped employee's total compensation
must be a minimum of: - ANSWER-7.25
( 125/40)+3.50= 6.63-less than minimum wage
, Employers must remind employees to complete an amended
Form W-4 if they have any changes in status: - ANSWER-by
December 1 of each year.
An employee who is a full-time student is claimed as a
dependent by her parents. What conditions must exist for the
employee to claim exempt status on Form W-4? - ANSWER-
Total income is less than $1,050.00 including unearned income
of less than $350.00
An employee's spouse died on July 1. When must the employee
file a new Form W-4 with the employer? - ANSWER-Before the
first pay period of the next year (The death of a spouse does not
require the surviving spouse to file a new Form W-4 until
January 1 of the year after the spouse's death)
For a tipped employee to be paid $2.13 per hour, what is the
minimum amount of tips the employee must receive each
month? - ANSWER-$30.00
(Under the FLSA, employers may pay tipped employees (who
receive at least $30 in tips during a month) $2.13 per hour as
long as the amount of the employee's tips is enough to raise the
employee's regular rate of pay to the minimum wage for the
workweek. If the tips are not enough to raise the regular rate of
pay to ($7.25 per hour) for the workweek, the employer must
