FPC-REMOTE Online Practice Questions and Answers

All of the following regulate payments made by DD EXCEPT:

A. consumer financial protection bureau

B. NACHA

C. State laws

D. local laws

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

A. professional

B. outside salesperson

C. administrative

D. computer repairman

How would each of the following be posted?

A. increase in asset account

B. decrease in liability account

C. increase an expense account

D. decrease an asset account

E. increase a revenue account

When system generated tools do not agree to batch control totals, what must occur?

A. continue processing

B. finding the cause and correcting the error

C. delay finding the error until more time is available

D. document the difference and continue processing

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. independent contractor under common law

B. independent contractor under reasonable basis test

C. employee

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

A. 127,200

B. $128,400

C. 132,900

D. 137,700

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

A. follow your companys policy on the release of employee info

B. ignore the letter becuase its the employees issue

C. send a short letter to the agency stating that the issue is being reviewed.

D. call the requested and tell them you plan to locate the info and send it in a few months.`

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

A. percentage method

B. quarterly averaging method

C. annualizing wage method

D. none of the above

Which of the following records must be kept for 4 years:

A. OSHA records

B. time cards

C. voided payroll checks

D. hours worked

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

A. march 31

B. april 15

C. april 30

D. may 1

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. the amount is forfeited

B. it will be added to his taxable income

C. he can use it to buy an additional benefits

D. it will carry over to the next year

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

A. accept the form until the employee completes a new form.

B. implement the form and notify the IRS

C. refuse to accept the form

D. implement the form as is

Payroll documentation accomplishes all of the following goals EXCEPT:

A. ensuring uniformity

B. providing a reference tool

C. ensuring that procedures are followed

D. simplifying training

An employer provides an employee $300 each month in bus tokens so she can commute to work. How much of this expense is taxable?

A. $135

B. $270

C. $280

D. $300

On thurs, an employee receives news of a family emergency that requires him to take a flight home that evening. payday is not until friday at 3pm, but he needs his paycheck to pay for the flight. when he contacts the payroll dept and explains his situation, he is told that a check will be ready for him when he stops by. Which principle of the customer service has the payroll dept exhibited?

A. reliability

B. responsiveness

C. assurance.

D. empathy

E. tangibles