FPC-Remote Fundamental Payroll Certification Questions and Answers

A financial transaction is first posted in your organizations:

FUTA taxes of more than $500 on wages paid in the first quarter must be deposited no later than:

All of the following deferred compensation plans limit the employee to making a deferral contribution of $19,500 in 2020 except:

When making a supplemental wage payment to an employee whose supplemental YTD wages exceed $1,000,000 what tax rate is used to calculate federal income tax withholding?

An employee was sick the last week in december. his paycheck, dated dec 31, 2020 was held for him until he returned to work on Jan 6, 2021. these wages are taxable:

The federal minimum wage is used when figuring the amount to withhold for a creditor garnishment

All of the following statements are correct regarding online processing EXCEPT:

A record of the daily transaction of a business is:

What benefits can be provided in a section 125 cafeteria plan?

Under the FLSA, an employee's workday is defined as:

All of the following are tax implications of a cafeteria plan except:

Which of the following employee benefits is taxable compensation?

If an employee provides an invalid form w4, the employer must:

Which of the following types of accumulators, which one accumulates values over a period of time?

Privacy of employee info should be a top priority of the payroll manager, but not necessarily a top priority of the payroll staff.

An employer contributes $175 per month to an employee's cafeteria plan. since her husband has medical/dental coverage through his employer, she wants to take the $175 per month in cash. which of the following statements is true?

How would each of the following be posted?

Last week, a high school teacher spent 40 hours in the classroom, worked 10 hours grading papers and was required to put in another 8 hours on saturday at the school sponsored science fair. under the FLSA, what overtime hours, if any, must the teacher be paid?

Would each of the following entries be posted in the account as a debit (DR) or credit (CR)?

What does an employer use to calculate the amount to withhold for a child support withholding order?

All of the following statements about FLSA overtime regulations are true EXCEPT:

All employees must complete a new form w4 each year

Internal control procedures include all of the following except:

What is a general ledger?

Assume that a deposit is due on Weds, but this is a non-banking day. to be considered made timely, the employers deposit of federal payroll taxes must be made on or before the close of business on:

All of the following deductions are involuntary deductions EXCEPT:

What does an employer use to calculate the amount to withhold for an IRS tax levy?

What federal taxes, if any, must the salesperson's employer withhold for his personal use of the company vehicle?

An employer contributes $200 per month to an employee cafeteria plan. the pretax medical/dental package that she has chosen costs $250 per month. she contributes the extra $50 for this benefit plan. payroll must withhold:

How long should employers keep payroll records beyond legal requirements

What advantages does a payroll checking account provide?

The owners of a company want to set up a retirement program for themselves, but do not want to make contributions on behalf of their employees. all of their employees are under age 30. What can they do?

Accounting data beings with a transaction. this information is first posted:

All of the following types of records can be combined with payroll data in an integrated system except:

A plant supervisor met with the payroll department to schedule a special pay run that would accomodate the shutdown for the holidays. after payroll committed to the date, it realized that to meet this deadline would require working a weekend. Which customer service principle will be compromised if the deadline is not met?