FPC Module 1 - quiz UPDATED ACTUAL
Exam Questions and CORRECT Answers
Under the direction of the company, a licensed tax return practitioner works every Monday,
Wednesday, and Friday and is paid a salary to prepare tax returns. Under the IRC, the worker is
classified as a(n):
a) leased employee
b) employee
c) independent contractor - CORRECT ANSWER - b) employee
reasoning: the question says "under the direction of the company"
Which of the following situations satisfies the federal minimum wage requirements as of January
1, 2019?
a) a dishwasher paid $5.12 per hr
b) a tipped worker paid 2/hr for working 40 hrs and avgs at least $250 per week in tips
c) a part-time ee in shipping paid $7/hr
d) an ee, age 18, is paid $217.50 for working 30 hrs the first week of employment - CORRECT
ANSWER -d
An employer is required to verify an ee's identity and employment eligibility only for
immigrants.
a) True
b) False - CORRECT ANSWER -b
, An employee lives in a state that has a minimum wage of 9/hr but works in another state where
the minimum wage is 8.25/hr. What is the minimum hourly rate the ee must be paid? -
CORRECT ANSWER - 8.25
An employee filing a false Form W-4 can be penalized by the IRS.
a) True
b) False - CORRECT ANSWER - a) True
an ee filing a false W-4 may be subject to an IRS penalty of $500.
When federal and state wage and hour regulations differ, which regulations must the employer
follow?
a) Federal regulations
b) The one the favors the ee
c) State regulations - CORRECT ANSWER - b) the one the favors the ee
A restaurant worker is paid 2.50/hr, works 40hrs in a ww, and receives 200 in tips. Under the
FLSA, what is the minimum hourly rate the ee must be paid?
2.13/hr
5.85/hr
6.55/hr
The federal or state minimum wage, whichever is greater - CORRECT ANSWER - The
federal or state minimum wage, whichever is greater
If an ee submits a W-4 indicating the desire to have a flat dollar tax amt withheld, the W-4 is not
valid and MUST be rejected
Exam Questions and CORRECT Answers
Under the direction of the company, a licensed tax return practitioner works every Monday,
Wednesday, and Friday and is paid a salary to prepare tax returns. Under the IRC, the worker is
classified as a(n):
a) leased employee
b) employee
c) independent contractor - CORRECT ANSWER - b) employee
reasoning: the question says "under the direction of the company"
Which of the following situations satisfies the federal minimum wage requirements as of January
1, 2019?
a) a dishwasher paid $5.12 per hr
b) a tipped worker paid 2/hr for working 40 hrs and avgs at least $250 per week in tips
c) a part-time ee in shipping paid $7/hr
d) an ee, age 18, is paid $217.50 for working 30 hrs the first week of employment - CORRECT
ANSWER -d
An employer is required to verify an ee's identity and employment eligibility only for
immigrants.
a) True
b) False - CORRECT ANSWER -b
, An employee lives in a state that has a minimum wage of 9/hr but works in another state where
the minimum wage is 8.25/hr. What is the minimum hourly rate the ee must be paid? -
CORRECT ANSWER - 8.25
An employee filing a false Form W-4 can be penalized by the IRS.
a) True
b) False - CORRECT ANSWER - a) True
an ee filing a false W-4 may be subject to an IRS penalty of $500.
When federal and state wage and hour regulations differ, which regulations must the employer
follow?
a) Federal regulations
b) The one the favors the ee
c) State regulations - CORRECT ANSWER - b) the one the favors the ee
A restaurant worker is paid 2.50/hr, works 40hrs in a ww, and receives 200 in tips. Under the
FLSA, what is the minimum hourly rate the ee must be paid?
2.13/hr
5.85/hr
6.55/hr
The federal or state minimum wage, whichever is greater - CORRECT ANSWER - The
federal or state minimum wage, whichever is greater
If an ee submits a W-4 indicating the desire to have a flat dollar tax amt withheld, the W-4 is not
valid and MUST be rejected
