FPC Certification Test Questions and
Answers
FLSA - Answer-Fair Labor Standards Act
Journal - Answer-Debits and credits to a specific ledger accout
Is batch processing interactive? - Answer-No
By when must employers inform employees to submit a new W-4 if marital status or # of allowances
have changed? - Answer-December 1st
Are non qualified deferred compensations plans subject to contribution limits? - Answer-No
What plans are subject to contribution limits? - Answer-401K, 457b, 403b
What form is used to correct mistakes done on form 941? - Answer-Form 941-X
How many billing cycles does an employer have to update their payroll for changes to employee's W-4? -
Answer-Two billing cycles (?)
, The ability of a payroll department to provide accurate paychecks on a timely basis is an example of the
customer service principle of ___________. - Answer-Reliability
FUTA - Answer-Federal Unemployment Tax Act
Common Law Test is made up of what three things? - Answer-behavioral control, relationship of the
parties, financial control
What are criteria used in calculating an employees federal income tax? - Answer-# of allowances, pay
frequency, marital status
Tangibles that a payroll department displays are: - Answer-Physical facilities, organization, appearance
of the payroll staff
If an employee's spouse passes away, when must the employee submit an amended W-4? - Answer-
January 1st of the following year
What pay is considered discretionary? - Answer-Holiday pay
The payment of a creditor's wage garnishment withheld from the employee's wage will decrease both
the _________ and _____________. - Answer-assets, liabilities
How frequently does federal law require master files to be updated? - Answer-There are no federal
requirements for frequency of updates
FUTA taxes of more than $500.00 on wages paid in the first quarter must be deposited by when? -
Answer-April 30th
Under FLSA, a record of employees must be retained for how long? - Answer-Two years
Answers
FLSA - Answer-Fair Labor Standards Act
Journal - Answer-Debits and credits to a specific ledger accout
Is batch processing interactive? - Answer-No
By when must employers inform employees to submit a new W-4 if marital status or # of allowances
have changed? - Answer-December 1st
Are non qualified deferred compensations plans subject to contribution limits? - Answer-No
What plans are subject to contribution limits? - Answer-401K, 457b, 403b
What form is used to correct mistakes done on form 941? - Answer-Form 941-X
How many billing cycles does an employer have to update their payroll for changes to employee's W-4? -
Answer-Two billing cycles (?)
, The ability of a payroll department to provide accurate paychecks on a timely basis is an example of the
customer service principle of ___________. - Answer-Reliability
FUTA - Answer-Federal Unemployment Tax Act
Common Law Test is made up of what three things? - Answer-behavioral control, relationship of the
parties, financial control
What are criteria used in calculating an employees federal income tax? - Answer-# of allowances, pay
frequency, marital status
Tangibles that a payroll department displays are: - Answer-Physical facilities, organization, appearance
of the payroll staff
If an employee's spouse passes away, when must the employee submit an amended W-4? - Answer-
January 1st of the following year
What pay is considered discretionary? - Answer-Holiday pay
The payment of a creditor's wage garnishment withheld from the employee's wage will decrease both
the _________ and _____________. - Answer-assets, liabilities
How frequently does federal law require master files to be updated? - Answer-There are no federal
requirements for frequency of updates
FUTA taxes of more than $500.00 on wages paid in the first quarter must be deposited by when? -
Answer-April 30th
Under FLSA, a record of employees must be retained for how long? - Answer-Two years
