FPC Payroll Fundamentals Exam | Verified Exam Questions and Answers
| Latest Updated Study Material 2026
Question:
FPC Payroll Fundamentals Exam | Comprehensive
Asks how independent is the employee and how much control can be exervised over the worker.
Answer:
Common Law Test
Question:
A worker cannot sign a new contract stating that they will be an indepndent contractor.
Answer:
Common Law Test
Question:
Employer has treated similar workers as independent contractors for any period and has filed tax
returns
Answer:
Reasonable Basis Test
Question:
Longstanding industry standard of treating similar workers as independent contractors
Answer:
Reasonable Basis Test
Question:
Court decisions for treating workers in similar circumstances as independent contractors
Answer:
Reasonable Basis Test
Question:
IRS has ruled in a "published ruling" that the workers are indpendent contractors
Answer:
Reasonable Basis Test
,Question:
Penalties for Violating IRCA
Answer:
$375 for the first offence and
$16,000 for the third
Question:
When must Section 1 of Form I-9 be completed?
Answer:
The
employee's date of hire.
Question:
When must Section 2 of Form 1-9 be completed?
Answer:
Within three
days of hiring the employee.
Question:
Form SS-5
Answer:
Application for a social security card
Question:
Form I-9
Answer:
Employment Eligitability Verification
Question:
Employee SSN verification is...
Answer:
recommended but not required.
, Question:
What information must an employer report for new hires?
Answer:
Name, Date of Hire, Address, SS, Employer's Name, Address, and EIN
Question:
Fair Labor Standards Act of 1938 (FLSA)
Answer:
Guarantees
employees a minimum wage, requires employers to pay an overtime premium, limits when
minors can work, and provides equal pay protection.
Question:
Who is protected by FLSA?
Answer:
Nonexempt employees
Question:
Minimum weekly salary required for exempt employees
Answer:
$455
Question:
4 categories of exempt employees
Answer:
Executives, Administrative
Employee, Professional, Outside Sales People
Question:
Special FLSA provisions exist for...
Answer:
Various transportation
workers, agricultural workers, hospital employees, and public sector employees.
| Latest Updated Study Material 2026
Question:
FPC Payroll Fundamentals Exam | Comprehensive
Asks how independent is the employee and how much control can be exervised over the worker.
Answer:
Common Law Test
Question:
A worker cannot sign a new contract stating that they will be an indepndent contractor.
Answer:
Common Law Test
Question:
Employer has treated similar workers as independent contractors for any period and has filed tax
returns
Answer:
Reasonable Basis Test
Question:
Longstanding industry standard of treating similar workers as independent contractors
Answer:
Reasonable Basis Test
Question:
Court decisions for treating workers in similar circumstances as independent contractors
Answer:
Reasonable Basis Test
Question:
IRS has ruled in a "published ruling" that the workers are indpendent contractors
Answer:
Reasonable Basis Test
,Question:
Penalties for Violating IRCA
Answer:
$375 for the first offence and
$16,000 for the third
Question:
When must Section 1 of Form I-9 be completed?
Answer:
The
employee's date of hire.
Question:
When must Section 2 of Form 1-9 be completed?
Answer:
Within three
days of hiring the employee.
Question:
Form SS-5
Answer:
Application for a social security card
Question:
Form I-9
Answer:
Employment Eligitability Verification
Question:
Employee SSN verification is...
Answer:
recommended but not required.
, Question:
What information must an employer report for new hires?
Answer:
Name, Date of Hire, Address, SS, Employer's Name, Address, and EIN
Question:
Fair Labor Standards Act of 1938 (FLSA)
Answer:
Guarantees
employees a minimum wage, requires employers to pay an overtime premium, limits when
minors can work, and provides equal pay protection.
Question:
Who is protected by FLSA?
Answer:
Nonexempt employees
Question:
Minimum weekly salary required for exempt employees
Answer:
$455
Question:
4 categories of exempt employees
Answer:
Executives, Administrative
Employee, Professional, Outside Sales People
Question:
Special FLSA provisions exist for...
Answer:
Various transportation
workers, agricultural workers, hospital employees, and public sector employees.
