FPC Exam Questions With Correct Answers
SS8 - answerDetermination of worker status for purposes of federal employment taxes and
income tax withholding; requests clarification on worker status
Acceptable work time rounding practices - answerCan round to the nearest quarter hour or 15
minutes; 1 ...
Form 945 - answer✔Annual return of withheld federal income tax, is for payers to report to the
IRS the amount of federal income tax withheld on non payroll payments ex: pensions, military
retirement, Indian gaming profits, voluntary withholding, back up withholding
Form W3 - answer✔Transmittal of wage and tax statements; to summarize the transmittal of
paper copies of form W-2; only required when submitting via paper forms
Decrease of allowances - answer✔Must file new W4 within 10 days
Form SS5 - answer✔Application for a Social Security card
NACHA - answer✔Nonprofit organization that acts as the self regulatory body for the ACH
process
$20 - answer✔Minimum tipped dollar amount reportable; Minimum amount to withhold federal
taxes from Tips
USCIS Retention - answer✔Three years from date of hire or one year from date of termination; I
-9
IRS Retention - answer✔Four years; tax forms, employer/employee info
FLSA Retention - answer✔Three years; workweek, additions/deductions to payroll; two years
for basic information
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