FPC Exam Fundamental Payroll Exam Questions
with 100% Correct Answers | Verified | Latest
Update 2025!!
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Terms in this set (143)
668-W Notice of Levy on Wages, Salary, and Other Income
Annual Summary and Transmittal of U.S. Information
1096
Returns
Under the FLSA how old 14
must a minor be to be
employed?
What is the FUTA tax rate? 6.0%
On form 941, the employer Social Security Wages
reports
What is the formula for Gross pay-deductions for taxes- other deductions
calculating an employees
net pay?
Which plan discriminates Nonqualified deferred compensation plans
in favor of highly
compensated employees?
What is the federal $7.25
minimum wage per hour
on January 1, 2018?
, What law determines time State Laws
limits with which
employees must be paid
after wages are earned?
Cafeteria plans are 125
authorized by what
internal revenue code
section?
The direct deposit data Interface
sent to the bank after
payroll processing is an
example of
What taxes, if any, must be No taxes are withheld
withheld from payments
to an independent
contractor who provided
a tin?
Allows an objective assessment of the financial
An external audit:
statements.
Employees' privacy rights Local Legislation
are governed by all of the
following except:
Under the FLSA, what Hours worked in a work week
basis is used to determine
whether a non-exempt
employee is to be paid
overtime?
Overtime payments are They are included in all tax calculations
included in the calculation
of what tax, if any?
What is the 2018 wage $128,400.00
base for social security
tax?
with 100% Correct Answers | Verified | Latest
Update 2025!!
Save
Terms in this set (143)
668-W Notice of Levy on Wages, Salary, and Other Income
Annual Summary and Transmittal of U.S. Information
1096
Returns
Under the FLSA how old 14
must a minor be to be
employed?
What is the FUTA tax rate? 6.0%
On form 941, the employer Social Security Wages
reports
What is the formula for Gross pay-deductions for taxes- other deductions
calculating an employees
net pay?
Which plan discriminates Nonqualified deferred compensation plans
in favor of highly
compensated employees?
What is the federal $7.25
minimum wage per hour
on January 1, 2018?
, What law determines time State Laws
limits with which
employees must be paid
after wages are earned?
Cafeteria plans are 125
authorized by what
internal revenue code
section?
The direct deposit data Interface
sent to the bank after
payroll processing is an
example of
What taxes, if any, must be No taxes are withheld
withheld from payments
to an independent
contractor who provided
a tin?
Allows an objective assessment of the financial
An external audit:
statements.
Employees' privacy rights Local Legislation
are governed by all of the
following except:
Under the FLSA, what Hours worked in a work week
basis is used to determine
whether a non-exempt
employee is to be paid
overtime?
Overtime payments are They are included in all tax calculations
included in the calculation
of what tax, if any?
What is the 2018 wage $128,400.00
base for social security
tax?
