FPC-Remote Practice Exam Questions with Answers Fundamental Payroll Certification

At the beginning of the year, an employee elected to buy group term life insurance as part of his benefit package through his companys cafeteria benefit plan. in may he took out an individual life insurance policy. since he no longer needs group coverage, he wants to replace the insurance option with increase contributions to his 401k plans. is this possible?

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

The integrity of the data can be verified by:

How frequently must an employer include noncash fringe benefits in an employee's income?

Which of the following employee benefits is nontaxable compensation?

Payroll documentation accomplishes all of the following EXCEPT:

In what part of a 2020 form w4 does an employee claim dependents?

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 financial transaction is first posted in your organizations:

When should an employer remind employees to complete an amended Form W4 if their filing status or filing circumstances have changed?

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

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?

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

Prior to beginning work for a company, a chemical engineer signed a contract stating that she agreed to work as an independent contractor. she performs all her duties in the companys laboratories, works under the companys direction, and maintains regular office hours. what is her status?

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

One of the options in an employee's cafeteria benefit plan is a dependent care flexible spending account. He earmarked $100 per month to the account to pay for child care but spend only $1000 by the end of the plans grace period. at the end of the grace period, what happens to the $200 left in the account?

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

Which of the following is true regarding payroll tax deposits?

When an employee lives and works in the same state, the employer withholds income tax for that state.

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

An employee earns $1,000 weekly. his deductions are $174 for federal income tax, $62 for social security tax, and $14.50 for medicare tax. He is not supporting another family and has never been in arrears in his child support payments. What is the maximum child support payment that can be withheld from his wages?

Which plan is specifically set up for government employees?

When must overtime be paid?

One of the options in an employee's cafeteria benefit plan is a dependent care flexible spending account. He earnmarked $100 per month to the account to pay for child care but spent only $1000 by the end of the plans grace period. At the end of the grace period, what happens to the $200 left in the account?

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?

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

For a payment after the employees death in the year AFTER the death, what taxes, if any, will be withheld?

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

A company is located in a state with no state or local income taxes. when grossing up holiday bonuses for employees who have already earned more than $137,700 but less than $175,000 the payroll department should divide the amount of the bonus by what percentage?

All of the following deductions are involuntary deductions EXCEPT:

Which of the following plans can discriminate in favor of highly compensation employees?

Which of the following is the best method of guarding against phantom employees?

You receive a penalty notice from a government agency. the info is not readily available. what should you do first?

All of the following types of employees are classified as exempt from the FLSAs min wage and OT requirements except: