Full FPC-Remote Practice Test and 134 unique questions with explanations waiting just for you!
American Planning Association Dumps FPC-Remote Exam for Full Questions - Exam Study Guide
NEW QUESTION # 30
The integrity of the data can be verified by:
- A. validity checks
- B. balancing and reconciliation
- C. system edits
Answer: B
NEW QUESTION # 31
Under which type of plans are employee contributions subject to social security and medicare taxes?
- A. 401k only
- B. 457b only
- C. 401k, 403b, and 457b
- D. 403b only
Answer: C
NEW QUESTION # 32
When must overtime be paid?
- A. with the next payroll
- B. as soon as practically possible
- C. each week
Answer: B
NEW QUESTION # 33
An employee going to the payroll department to ask a question about his paycheck. when he arrives, the desks are unattended, files are open, desk tops are covered with paper, and the floor has stacks of reports askew.
Which customer service principle could be improved in this payroll department?
- A. responsiveness
- B. empahty
- C. tangibles
- D. assurance
- E. reliability
Answer: C
NEW QUESTION # 34
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. it will carry over to the next year
- B. it will be added to his taxable income
- C. he can use it to buy an additional benefits
- D. the amount is forfeited
Answer: D
NEW QUESTION # 35
Which of the following amounts is used when calculating an employee's gross up?
- A. take home pay
- B. disposable income
- C. gross income
- D. net pay
Answer: D
NEW QUESTION # 36
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?
- A. the taxes paid by the employer are considered income to the employee
- B. there is no change
- C. there are no ss or medicare taxes on fringe benefits
- D. the amount of the fringe benefit is included in the employees income
Answer: D
NEW QUESTION # 37
When an employee is overpaid and the repayment occurs in the same year, the repayment requested is the employee's
- A. gross overpayment minus federal income tax
- B. gross overpayment
- C. net overpayment
- D. gross overpayment minus social security and medicare tax
Answer: C
NEW QUESTION # 38
All of the following features are present in a qualified plan except:
- A. the right to benefits is nontrasferrable
- B. written documentation
- C. benefits for employees
- D. discriminator in favor of highly compensated employees
Answer: D
NEW QUESTION # 39
Under what conditions can an employee claim exemption from withholding on form W4?
- A. receiving overtime pay
- B. had no tax liability last year and expects no tax liability this year
- C. an employee takes her first job
- D. anticipates receiving a bonus
Answer: B
NEW QUESTION # 40
Assume that a deposit is due on Weds, but this is a non-banking day. to be considered made timely, the employers deposit of federal payroll taxes must be made on or before the close of business on:
- A. friday
- B. tuesday
- C. monday
- D. thursday
Answer: D
NEW QUESTION # 41
A waitress is paid $2.25 per hour and she receives $225 in tips during the week. She works 4o hours per week.
Which of the following is true?
- A. her base salary must be raised to $3 per hour to comply with fed min wage requirements.
- B. her base pay must be increase to $4.5 per hour after a 90 day training period.
- C. her employer is allowed to reduce her cash wage to no less than $2.13 per hour
- D. she must be paid $5.12 per hour by her employer
Answer: C
NEW QUESTION # 42
What form must a penisioner file to have input into the amount of federal income tax withheld?
- A. w9
- B. w4
- C. w4P
- D. w4s
Answer: C
NEW QUESTION # 43
Which of the following statements is correct regarding section 125 plans?
- A. employees working 10 hours a week or more must be included in the companys section 125 plan
- B. benefits can be changed during the plan year if there is a qualified change in status
- C. any benefits received in cash are not taxed
- D. at the end of the plan year, employees receive cash payments for amounts remaining
Answer: B
NEW QUESTION # 44
All of the following types of payments are included in the regular rate of pay calculation except:
- A. an agreement with the union to pay one half of one weeks salary to workers with over 5 years of services
- B. shift differential for working the 4pm to midnight shift
- C. a production bonus to be paid in June which the employer announced in jan
- D. a traditional $50 gift certificate which the firm has paid for the past 5 years during holiday season
Answer: D
NEW QUESTION # 45
A semiweekly depositor that has a payroll tax liability of $50,000 from a Monday payroll must deposit the liability by:
- A. thurs
- B. weds
- C. tues
- D. fri
Answer: D
NEW QUESTION # 46
Which plan is specifically set up for government employees?
- A. 457b plan
- B. nonqualified deferred compensation plan
- C. 401k plan
- D. 403b plan
Answer: A
NEW QUESTION # 47
The federal minimum wage is used when figuring the amount to withhold for a creditor garnishment
- A. False
- B. TRUE
Answer: B
NEW QUESTION # 48
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