FPC-Remote Fundamental Payroll Certification Questions and Answers

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?

For a payment after the employee's death in the year of the death, what taxes, if any, will be withheld?

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

When an employee begins to receive social security benefits, the employer no longer needs to withhold social security and medicare taxes.

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

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

An employee is married with one child. His beginning salary is $1,000 semimonthly. because of an unexpected business trip, the employee fails to submit a 2020 form W4 by his first payday. what withholding status must the employer use for his first paycheck?

Which of the following employee benefits is nontaxable compensation?

When an employee is overpaid and the repayment occurs in the same year, the repayment requested is the employee's

A company is a monthly depositer for 2020. on payday, the company accumulates apayroll tax liability of $101,000. the payroll tax deposits for this liability must be made:

All of the following types of payments are included in the regular rate of pay calculation except:

A record of the daily transaction of a business is:

A financial transaction is first posted in your organizations:

An employee earns $40,000 annually. claiming single with no entries on lines 2,3, or 4 on her 2020 form W4, she contributes $6,000 annually to her 401k. How much must be withheld for federal income tax, social security, and or medicare tax on contribution?

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

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

Which of the following statements is correct regarding section 125 plans?

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

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

Payroll documentation accomplishes all of the following EXCEPT:

When does an exempt W4 expire?

Which of the following statements about the FLSA overtime requirements is correct?

An employee claims exempt from withholding on his form W4. to continue the exempt status for the next year, a new form W4:

All of the following regulate payments made by DD EXCEPT:

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

Which of the following employee benefits is taxable compensation?

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?

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

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 is the effect on an employees income when the employer pays that employees share of social security and medicare taxes on a fringe benefit?

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

Which plan is specifically set up for government employees?

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

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