FPC Payroll Fundamentals 1.9, 1.10 Exam Questions and Answers 100% Pass

FPC Payroll Fundamentals 1.9, 1.10 Exam Questions and Answers 100% Pass IRS requires - marital status and allowances are obtained from Form W-4 Major Payroll Tasks - Compliance with federal, state and local regulations Timely and accurate issuance of paychecks Periodic reporting Record retention Control and Security Federal Requirements for a Master File - Employee Data - Name Address Gender Birth date SSN 2Katelyn Whitman, All Rights Reserved © 2025 Occupation State where services rendered Federal Requirements for a Master File - Employment Data - Hire date Termination date Payment date Basic or hourly rate of pay Additions/deductions from pay Frequency of payment Hours worked/ day Hours worked/ week Workweek Straight time hours/ pay Overtime hours/ pay Shift premiums Federal Requirements for a Master File - Tax and Payroll Data - Allowances claimed Marital status 3Katelyn Whitman, All Rights Reserved © 2025 Federal Requirements for a Master File - Both Payroll Period and Calendar Year - Total wages subject to federal, state, and local income taxes Total Wages subject to Social Security tax and Medicare tax Total remuneration Total Federal Income tax withheld Total social security tax withheld Total Medicare tax withheld Tax paid by employer but not deducted from wages What must be kept in a Master File? - Employee Name Address Gender Birth date SSN Occupation State where services rendered Employment Hire date Termination date 4Katelyn Whitman, All Rights Reserved © 2025 Payment date Basic or hourly rate of pay Additions/deductions from pay Frequency of payment Hours worked/ day Hours worked/ week Workweek Straight time hours/ pay Overtime hours/ pa