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FPC Exam Fundamental Payroll questions
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and answers latest top score.
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668-W z- zcorrect zanswers.Notice zof zLevy zon zWages, zSalary, zand zOther zIncome z
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1096 z- zcorrect zanswers.Annual zSummary zand zTransmittal zof zU.S. zInformation
zReturns z
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Under zthe zFLSA zhow zold zmust za zminor zbe zto zbe zemployed? z- zcorrect zanswers.14 z
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What zis zthe zFUTA ztax zrate? z- zcorrect zanswers.6.0% z
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On zform z941, zthe zemployer zreports z- zcorrect zanswers.Social zSecurity zWages z
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What zis zthe zformula zfor zcalculating zan zemployees znet zpay? z- zcorrect zanswers.Gross
zpay-
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deductions zfor ztaxes- zother
zdeductions
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Which zplan zdiscriminates zin zfavor zof zhighly zcompensated zemployees? z-
zcorrect z
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answers.Nonqualified zdeferred zcompensation
zplans
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What zis zthe zfederal zminimum zwage zper zhour zon zJanuary z1, z2018? z-
zcorrect z
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answers.$7.25
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What zlaw zdetermines ztime zlimits zwith zwhich zemployees zmust zbe zpaid zafter zwages
zare z
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earned? z- zcorrect zanswers.State
zLaws
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Cafeteria zplans zare zauthorized zby zwhat zinternal zrevenue zcode zsection? z-
zcorrect z
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answers.125
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The zdirect zdeposit zdata zsent zto zthe zbank zafter zpayroll zprocessing zis zan zexample
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correct
zanswers.Interface
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What ztaxes, zif zany, zmust zbe zwithheld zfrom zpayments zto zan zindependent zcontractor
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provided za ztin? z- zcorrect zanswers.No ztaxes zare
zwithheld
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An zexternal zaudit: z- zcorrect zanswers.Allows zan zobjective zassessment zof zthe
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statements.
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Employees' zprivacy zrights zare zgoverned zby zall zof zthe zfollowing zexcept: z-
zcorrect z
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answers.Local
zLegislation
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Under zthe zFLSA, zwhat zbasis zis zused zto zdetermine zwhether za znon-exempt zemployee
zis zto z
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be zpaid zovertime? z- zcorrect zanswers.Hours zworked zin za zwork
zweek
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Overtime zpayments zare zincluded zin zthe zcalculation zof zwhat ztax, zif zany? z-
zcorrect z
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answers.They zare zincluded zin zall ztax
zcalculations
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What zis zthe z2018 zwage zbase zfor zsocial zsecurity ztax? z- zcorrect zanswers.$128,400.00 z
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If zan zemployee zdoes znot zhave zfederal ztax zwithheld zand zhas znot zclaimed zexempt,
zwhat z
must zthe zemployer zdo? z- zcorrect zanswers.Provide zthe zemployee zwith zthe zEITC
znotice
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A zcomputerized zpayroll zsystem zcan zhelp za zpayroll zdept. zaccomplish zall zof zthe
zfollowing z
z
tasks zexcept: z- zcorrect zanswers.Recognize zchanges zin zlaws zand
zregulations
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An zemployee's zprofit zsharing zbonus zis zpayable zin zthe zyear zfollowing zhis zdeath.
zHow z
should zthe zbonus zbe ztaxed zand zreported? z- zcorrect zanswers.Withhold zno ztaxes
zand z
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report zthe zbonus zon zfor z1099-
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In zwhat zways zcan za zcomputerized zsystem zincrease zthe zaccuracy zof
zemployees z