FPC-Remote Fundamental Payroll Certification Questions and Answers

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

The statue of limitation for correcting a form 941 is:

All of the following are payroll control procedures EXCEPT:

How long should employers keep payroll records beyond legal requirements

A semiweekly depositor has a liability of $79,000 from Weds payday and a liability of $50,000 from Friday's payday. The deposit is due by the:

The integrity of the data can be verified by:

In which type of account (asset, liability, expense or revenue) would each of the following entries appear?

A retired safety inspector for the company was rehired as a consultant when the company expanded its plant operations. the retired employee was a natural choice. the tasks he undertook as a consultant were the same as the ones he performed before retirement. paid monthly, he has agreed to work under the direction of his old boss until the new plantfacilitates are fully operational? What is his status?

Payroll documentation accomplishes all of the following goals EXCEPT:

In 2020, an employer must pay social security tax on an employees wages up to:

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?

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

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:

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

Which of the following employee benefits is nontaxable compensation?

During thanksgiving week, a nonexempt employee was paid for the following hours:

sun- none

mon- 10 hours worked

tues- 10 hrs work

weds- 8 hr sicks day

thurs- 8 hr holiday

fri-8 hr vacation

sat- 8 hr work

How many overtime hours, if any, did the ee work?

Under which type of plans are employee contributions subject to social security and medicare taxes?

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

All employees must complete a new form w4 each year

Which tax withholidng method uses the average earnings for one pay period to determine the withholding per pay period?

a retail sales clerk took advantage of the company's employee discount program to purchase clothes at 10% off the normal retail price. this service represents:

All of the following issues are concerns of external auditors except:

An employee belongs to a professional organization. when his company pays his dues, the payment is:

A semiweekly depositor that has a payroll tax liability of $50,000 from a Monday payroll must deposit the liability by:

An employer may provide all of the following features in a 401k plan except:

All of the following types of compensation are included in calculating an employees regular rate of pay for overtime purposes except:

Internal control procedures include all of the following except:

Under what conditions can an employee claim exemption from withholding on form W4?

Salaries earned but not yet paid in the current month must be recorded as:

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?

A voluntary deduction must be:

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

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:

When must overtime be paid?

Whichcafeteria plan are authorized by what Internal Revenue Code Section?

What form must a penisioner file to have input into the amount of federal income tax withheld?