FPC Payroll Concepts Exam | Verified Exam Questions and Answers |
Latest Updated Study Material 2026
Question:
Workweek
Answer:
Consists of 7 consecutive 24 hour periods; a 168
hour period. Employers set when it begins. Intended to be permanent but can be changed when a
business need occurs.
Question:
W9
Answer:
Request for taxpayer ID number and certification. Is used by
a payee to provide their taxpayer ID number (TIN) which can be a SSN or EIN
Question:
Minimum weekly exempt salary
Answer:
Under the FLSA white collar
exemption rules, exempt employees must be paid at least $455/week. Teachers, lawyers, &
attorneys are not required to be paid a salary
Question:
Traits of EE
Answer:
Has taxes withheld from wages
Question:
Reimbursed for expenses
Complies with ER's instructions about when, where, and how to work
Work is done personally
Performs services under ER's name
8/80 Rule
, Answer:
FLSA rule. Workweek exception for hospitals and
nursing homes. ERs using this rule pay OT for work over 8 hrs/day or 80 hrs in 2 week period
Question:
Everify
Answer:
Online tool that allows verification of new hire's identity
and eligibility to work in the US. Government contractors and employers in some states are
required to use this
Question:
minimum pay tipped EE
Answer:
may be paid no less than
$2.13/hr
Question:
Minimum meal period
Answer:
30 minutes of uninterrupted time
Question:
exempt EE
Answer:
Under FLSA, perform job duties meeting
certain requirements and be paid a weekly salary of $455/week. Exempt from minimum wage &
OT
Question:
Independent contractor
Answer:
Sets own hrs
Latest Updated Study Material 2026
Question:
Workweek
Answer:
Consists of 7 consecutive 24 hour periods; a 168
hour period. Employers set when it begins. Intended to be permanent but can be changed when a
business need occurs.
Question:
W9
Answer:
Request for taxpayer ID number and certification. Is used by
a payee to provide their taxpayer ID number (TIN) which can be a SSN or EIN
Question:
Minimum weekly exempt salary
Answer:
Under the FLSA white collar
exemption rules, exempt employees must be paid at least $455/week. Teachers, lawyers, &
attorneys are not required to be paid a salary
Question:
Traits of EE
Answer:
Has taxes withheld from wages
Question:
Reimbursed for expenses
Complies with ER's instructions about when, where, and how to work
Work is done personally
Performs services under ER's name
8/80 Rule
, Answer:
FLSA rule. Workweek exception for hospitals and
nursing homes. ERs using this rule pay OT for work over 8 hrs/day or 80 hrs in 2 week period
Question:
Everify
Answer:
Online tool that allows verification of new hire's identity
and eligibility to work in the US. Government contractors and employers in some states are
required to use this
Question:
minimum pay tipped EE
Answer:
may be paid no less than
$2.13/hr
Question:
Minimum meal period
Answer:
30 minutes of uninterrupted time
Question:
exempt EE
Answer:
Under FLSA, perform job duties meeting
certain requirements and be paid a weekly salary of $455/week. Exempt from minimum wage &
OT
Question:
Independent contractor
Answer:
Sets own hrs
