FPC PAY TRAIN MODULE 1 UPDATED
ACTUAL Exam Questions and CORRECT
Answers
What does an exempt Form W-4 mean? - CORRECT ANSWER - When an employee
submits an exempt Form W-4, the employee will have no income tax withheld for the remainder
of the year. Exempt W-4s expire on February 15th of the year after it is submitted.
Who is an exempt employee? - CORRECT ANSWER - Under the FLSA, exempt
employees perform job duties meeting certain requirements and be paid a weekly salary of $455
per week. The exempt employees are exempt from minimum wage, and overtime.
What is the 8/80 Rule? - CORRECT ANSWER - The FLSA 8/80 rule is a workweek
exception for hospitals and nursing homes. Employers using this rule pay overtime for work over
8 hours a day or 80 hours in a two week period.
Executive employee's primary duties: - CORRECT ANSWER - The management of the
business, directing 2 or more full-time employees, the authority to recommend hiring and firing.
Employees are covered under FLSA by: - CORRECT ANSWER - Employees are covered
by the FLSA under either the enterprise coverage test or the individual employee coverage test.
What is the SSNVS - CORRECT ANSWER - Social Security Number Verification Service
is SSA's system that allows employers to verify if an employee's name and SSN match SSA's
records.
Minimum weekly exempt salary: - CORRECT ANSWER - Under the FLSA white collar
exemption rules, exempt employees must be paid a minimum salary of $455 per week. Teachers,
lawyers and attorneys are not required to be paid a salary.
, Child labor rules under age 14: - CORRECT ANSWER - Child labor laws generally
prohibit employment of minors under age 14, unless the minor works for a parent or in some
situations, actors, batboys or girls and ballboys or girls.
What is Form W-4? - CORRECT ANSWER - Form W-4, Employee's Withholding
Allowance Certificate, is used by employees to provide their employer their name, address, SSN,
marital status and allowances. It may also indicate exempt status.
Traits of an independent contractor. - CORRECT ANSWER - Sets own hours; determines
own sequence of work; works for multiple organizations; self-employed; works by the job;
employs assistants.
What is Form I-9? - CORRECT ANSWER - Form I-9, Employment Eligibility
Verification, Part 1 is completed by the employee providing personal information. Employers
complete Part 2 with identity/eligibility to work in the U.S. documents.
Four types of exempt employees: - CORRECT ANSWER - The four white collar types of
exempt employees are administrative, executive, professional, and outside sales.
What is the federal wage & hour law? - CORRECT ANSWER - The Fair Labor Standards
Act (FLSA)
What is Form SS-8? - CORRECT ANSWER - Form SS-8, Determination of Worker Status
for Purposes of Federal Employment Taxes and Income Tax Withholding, is filed with the IRS to
obtain a determination of a worker's status.
What is Form W-9? - CORRECT ANSWER - Form W-9, Request for Taxpayer
Identification Number and Certification, is used by a payee to provide their taxpayer
identification number (TIN), which can be a SSN or EIN.
What is the federal minimum wage? - CORRECT ANSWER - 7.25
ACTUAL Exam Questions and CORRECT
Answers
What does an exempt Form W-4 mean? - CORRECT ANSWER - When an employee
submits an exempt Form W-4, the employee will have no income tax withheld for the remainder
of the year. Exempt W-4s expire on February 15th of the year after it is submitted.
Who is an exempt employee? - CORRECT ANSWER - Under the FLSA, exempt
employees perform job duties meeting certain requirements and be paid a weekly salary of $455
per week. The exempt employees are exempt from minimum wage, and overtime.
What is the 8/80 Rule? - CORRECT ANSWER - The FLSA 8/80 rule is a workweek
exception for hospitals and nursing homes. Employers using this rule pay overtime for work over
8 hours a day or 80 hours in a two week period.
Executive employee's primary duties: - CORRECT ANSWER - The management of the
business, directing 2 or more full-time employees, the authority to recommend hiring and firing.
Employees are covered under FLSA by: - CORRECT ANSWER - Employees are covered
by the FLSA under either the enterprise coverage test or the individual employee coverage test.
What is the SSNVS - CORRECT ANSWER - Social Security Number Verification Service
is SSA's system that allows employers to verify if an employee's name and SSN match SSA's
records.
Minimum weekly exempt salary: - CORRECT ANSWER - Under the FLSA white collar
exemption rules, exempt employees must be paid a minimum salary of $455 per week. Teachers,
lawyers and attorneys are not required to be paid a salary.
, Child labor rules under age 14: - CORRECT ANSWER - Child labor laws generally
prohibit employment of minors under age 14, unless the minor works for a parent or in some
situations, actors, batboys or girls and ballboys or girls.
What is Form W-4? - CORRECT ANSWER - Form W-4, Employee's Withholding
Allowance Certificate, is used by employees to provide their employer their name, address, SSN,
marital status and allowances. It may also indicate exempt status.
Traits of an independent contractor. - CORRECT ANSWER - Sets own hours; determines
own sequence of work; works for multiple organizations; self-employed; works by the job;
employs assistants.
What is Form I-9? - CORRECT ANSWER - Form I-9, Employment Eligibility
Verification, Part 1 is completed by the employee providing personal information. Employers
complete Part 2 with identity/eligibility to work in the U.S. documents.
Four types of exempt employees: - CORRECT ANSWER - The four white collar types of
exempt employees are administrative, executive, professional, and outside sales.
What is the federal wage & hour law? - CORRECT ANSWER - The Fair Labor Standards
Act (FLSA)
What is Form SS-8? - CORRECT ANSWER - Form SS-8, Determination of Worker Status
for Purposes of Federal Employment Taxes and Income Tax Withholding, is filed with the IRS to
obtain a determination of a worker's status.
What is Form W-9? - CORRECT ANSWER - Form W-9, Request for Taxpayer
Identification Number and Certification, is used by a payee to provide their taxpayer
identification number (TIN), which can be a SSN or EIN.
What is the federal minimum wage? - CORRECT ANSWER - 7.25
