FPC-Remote Sample Questions Answers

The amount of federal income tax that is withheld from an employees regular wages is determined by a formula that uses all of the following items except:

What authority controls the frequency with which employees must be paid?

A superintendent of schools who will be 49 years of age on Dec 31 2020 earns $100,000. his school district has a 403b plan. what is the maximum that he can contribute to this plan before taxes in 2020?

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?

When must overtime be paid?

Which type of report does not originate from the employees earning record?

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

Internal control procedures include all of the following except:

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:

An employee who files an exempt form W4 is exempt from the withholding of:

Whichcafeteria plan are authorized by what Internal Revenue Code Section?

When supplemental wages are paid at the same time as regular wages, how are withholding taxes computer?

Last month, an employee emailed her mother on the company's email, photocopied fliers for her church picnic at work and used her work computer to update her resume. These services represent:

Payroll documentation accomplishes all of the following goals EXCEPT:

A voluntary deduction must be:

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?

Which of the following amounts is used when calculating an employee's gross up?

which of the following plans applies only to employees of public schools, colleges and universities, and public charities?

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

All of the following deductions are involuntary deductions EXCEPT:

All of the following are payroll control procedures EXCEPT:

What is the employer's social security tax rate in 2020?

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?

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

How would each of the following be posted?

You receive a letter of inquiry concerning an employee. What should you do?

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?

Effective feedback, whether positive or negative, should be given as soon as possible after an incident

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:

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?

A record of the daily transaction of a business is:

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?

A receptionist has agreed to work afternoons at the company until the company can find a full time replacement. what is the receptionists status?

What advantages does a payroll checking account provide?

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