FPC-REMOTE Dumps Help You Study Objectives

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January 6, 2024

By practicing with FPC-REMOTE exam-like questions, you can identify areas where you may need to focus your studies. Payroll FPC-REMOTE dumps can help you create a more targeted study plan and avoid wasting time studying topics you already know well. Taking FPC-REMOTE dumps can help you get used to the format and structure of the real exam. FPC-REMOTE dumps can help you feel more comfortable and confident on exam day, which can improve your chances of success. Practice Payroll FPC-REMOTE exam free dumps below.

Page 1 of 4

1. The statue of limitation for correcting a form 941 is:

due date of 941 form for quarter in which error was discovered

april 15 following the year error was discovered

whenever discovered, up to 7 years

april 15 3 years after the close of tax year error was made

2. An exempt employee under the FLSA is exempt from:

minimum wage only

federal income tax withholding

both minimum wage and overtime

overtime payments only

3. When paying supplemental wages, when must the aggregate withholding method be used?

when no income tax is withheld from regular wages for the current or preceding year

when the employee claims more than 10 dependents

when the employee doesnt complete a form W4

when the employee claims heads of household

4. 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?

22%

24%

37%

5. Payroll must withhold federal income tax from:

contributions to 401k plans

contributions to 457b plans

contributions to nonqualified deferred compensation plans

contributions to ROTH 401k plans

6. The owners of a company want to set up a retirement program for themselves, but do not want to make contributions on behalf of their employees. all of their employees are under age 30.

What can they do?

establish only a 401k plan that restricts eligibility to employees over age 30.

set up nonqualified deferred compensation plan only

establish only a 401k plan that restricts eligibility to employees over age 30, and set up a nonqualified deferred compensation plan.

establish a 403b plan for all employees

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

accept the form until the employee completes a new form.

implement the form and notify the IRS

refuse to accept the form

implement the form as is

8. Would each of the following entries be posted in the account as a debit (DR) or credit (CR)?

purchase of a desk in an asset account

purchase of stationary in an expense account

withdrawal from a payroll checking account

employer contributions to a 401k plan in an expense account

state income tax withheld but not deposited in a liability account

federal income tax withheld but not paid in a liability account

mortgage payment in a liability account

9. 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?

this option is not available; if the amount is not spent, it is lost

the $175 becomes taxable income

only social security tax and medicare tax are withheld from the $175 per month.

the $175 is a tax free benefit to her.

10. 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?

$459

$918

$1,779

Page 2 of 4

11. when does an employer stop deducting a federal tax levy from an employee's wages?

the amount on the levy is reached

The IRS issues a form 668-D

the employee asks that the levy deduction be stopped

12. 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?

single/married filing separately, no entries in steps 2,3,4

married filing jointly, no entries in steps 2,3,4

single/married filing separately, entry in step 3 for one dependent

married filing jointly, entry in step 3 for one dependent

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

401k

403b

457b

both b and c

14. Salaries earned but not yet paid in the current month must be recorded as:

debit to salary payable

credit to salary expense

debit to cash

debit to salary expense

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

independent contractor under common law

independent contractor under reasonable basis

employee

16. All of the following types of records can be combined with payroll data in an integrated system except:

personnel

benefits

purchasing

human resources

17. Actions that control the staff in order to protect the company against fraud include all of the following except:

physical payouts

rotate assignemtns

segregate job duties

restrict system access

18. In which type of account (asset, liability, expense or revenue) would each of the following entries appear?

a new payroll computer

purchase of computer paper

money in a payroll checking account

wages paid to employees

ss tax and medicare tax withheld but not deposited

employer cost of group term life insurance

office furnitue

deposit of employer portion of social security tax and medicare tax

mortgage on the addition to your building

19. An employee works from midnight to 8am on a company paid holiday but does not work more than 40 hours during the workweek. under the FLSA, the employee must be paid:

double time for working the holiday

time and one half for working the holiday

a shift differential for working the late night shift

at least the federal minimum wage

20. hat type of pay is included in the regular rate of pay calculation?

discretionary bonuses

paid sick leave

paid vacation leave

production bonuses

Page 3 of 4

21. 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?

independent contractor under common law

independent contractor under reasonable basis test

employee

22. You receive a letter of inquiry concerning an employee.

What should you do?

follow your companys policy on the release of employee info

ignore the letter becuase its the employees issue

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

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

23. 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:

on or before the following wednesday

on or before the following friday

by the next business day

by the 15th the following month

24. A plant supervisor met with the payroll department to schedule a special pay run that would accomodate the shutdown for the holidays. after payroll committed to the date, it realized that to meet this deadline would require working a weekend.

Which customer service principle will be compromised if the deadline is not met?

reliability

responsiveness

assurance

empathy

tangibles

25. Checking inputs or outputs against predetermined constraints is called:

internal control

validity edit

system safeguard

parallel test

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

the data is changed immediately

the system is interactive

the operator can communicate with the system as the fata is being processed

the data to be processed may be abtched

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

state laws

FLSA rules

Local laws

IRS rules

28. All of the following features are present in a qualified plan except:

discriminator in favor of highly compensated employees

written documentation

benefits for employees

the right to benefits is nontrasferrable

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

an employer may establish one workweek for clerical employees and another for assembly workers

an employer's workweek must coincide with the calendar week

employers must pay overtime when employees work more than 8 hours in a workday

employer must pay overtime for hours worked on federal holidays

30. When using the Optional Flat Rate Method, which of the following items is considered when making the calculation?

taxable wages

pay frequency

filing status

number of dependents

Page 4 of 4

31. 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?

reliability

responsiveness

assurance

empahty

tangibles

32. Under the FLSA, what type of pay is included in a nonexempt employee's regular rate of pay calculation?

paid vacation leave

paid sick leave

discretionary bonuses

production bonuses

33. 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:

social security tax and medicare tax from only the employee contribution

social security tax, medicare tax, and federal income tax from only the employee contribution

no tax from either the employee or employer contribution

social security tax and medicare tax from only the employer contribution

34. All of the following are payroll control procedures EXCEPT:

external audits

edits

system selection

security

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

social security and medicare tax only

federal income tax only

federal income tax, social security tax, and medicare tax

no taxes are required to be withheld

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

employees working 10 hours a week or more must be included in the companys section 125 plan

any benefits received in cash are not taxed

at the end of the plan year, employees receive cash payments for amounts remaining

benefits can be changed during the plan year if there is a qualified change in status

37. A semiweekly depositor that has a payroll tax liability of $50,000 from a Monday payroll must deposit the liability by:

tues

weds

thurs

fri

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

matching contributions

lower ceilings on contributions

higher benefits for highly compensated employees

catch up contribution

39. 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?

her employer is allowed to reduce her cash wage to no less than $2.13 per hour

her base pay must be increase to $4.5 per hour after a 90 day training period.

she must be paid $5.12 per hour by her employer

her base salary must be raised to $3 per hour to comply with fed min wage requirements.

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

step 3

writing below step 4c

step 2

dependents are not claimed on form W4

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