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APA FPC Exam Questions And accurate Answers
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APA FPC Exam Questions And accurate Answers(1) Issues of payroll complexity, communication, technology, accuracy
(1) Payroll Process employee (new hire, W4, I9), payroll (reports, reconciles), gov. (tax,
reporting), employee (W2, pay statements)
(1) Employee tax withholding FIT, SS, Medicare, state, local and pay employer share
(1) TIN Taxpayer Identification Number (1099s)
(1) Status of worker workers, either W2 or 1099, W2 either exempt or nonexempt
(1) Common Law Test - ANSWER own hours, can have many employers, is paid by the
job, may hire assistants, own equipment/tools, terms
(1) Reasonable Basis Test - ANSWER employers can classify certain workers as 1099
for tax purposes even though the ee meets requirements of Common Law test for W2 if
they have a reasonable basis for doing so-long standing practice, judicial precedent,
consistently treated workers as 1099 with 1099-MISC form
(1) PEO - ANSWER organization bears burden of paying, withholding, reporting,
providing benefits
(1) Immigration Reform and Control Act of 1986 IRCA- ANSWER requires employer to
verify ee eligible to work in U.S.
(1) Illegal Immigrant Penalties- ANSWER $375 first offense, $16k for third
, (1) Verification of eligibility- ANSWER falls to employer after 1986, need I9 on 1st day of
work
(1) SSA - ANSWER Social Security Administration, 240 million W2/yr with 10% having
numbers that do not match
(1) Earnings Suspense File - ANSWER where SSA places unposted wage amounts
(1) Employee's Withholding Allowance Certificate - ANSWER W4
(1) SSNVS - ANSWER Social Security Number Verification Service to verify SSN,
requires FEIN/ee name, SSN, DOB
(1) Form SS5 - ANSWER Application for a Social Security Card
(1) New Hire Reporting - ANSWER 20 days of hire, ee name, address, ssn, date of
employment, employer name, addres, FEIN
(1) HHS - ANSWER Secretary of Health and Human Services, multistate employers
(1) FLSA - ANSWER Fair Labor Standards Act of 1938 guarantees minimum wage,
overtime premium, minors, equal pay protection
(1) Exempt - ANSWER not covered by FLSA minimum wage/overtime requirements
(1) White Collar Exemptions - ANSWER based on duties, level of discretionary ability,
responsibilities, minimum weekly salary
(1) Salary requirements for exempt ee's - ANSWER exec ($455/wk), admin ($455/wk),
professionals ($455/wk), outside sales (none)
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