CPWA Exam Questions With Revised Correct Detailed Answers |ALREADY GRADED A+ PASS >> BRAND NEW VERSION
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Course
FPC - Fundamental Payroll Certification
Institution
FPC - Fundamental Payroll Certification
CPWA Exam Questions With Revised
Correct Detailed Answers
|ALREADY GRADED A+ PASS
>> BRAND NEW VERSION
1) Generational wealth - ANSWER
Research suggests that
• 70% of wealth is lost by the 2nd generation
• 90% of wealth is lost by the end of the 3rd generation
• <...
Fundamental Payroll Certification (FPC)
Exam Questions With Revised
Correct Detailed Answers
|ALREADY GRADED A+ PASS
>> BRAND NEW VERSION
With Rationales
1) Which of the following workers is classified as an employee?
1. A lawyer retained on a project-by-project basis
2. A lawyer working as a paralegal
3. A marketing consultant contracted to conduct an
employee/customer satisfaction study
4. A lecturer paid a percentage of the money collected at fund raisers" -
ANSWER 2
2) "All of the following statements about the FLSA overtime
requirements are true EXCEPT:
1. the week's regular rate of pay must include shift premiums.
2. employers must pay overtime when employees work more than
eight hours in a workday.
3. a shift differential paid under a union contract is included in the
regular rate of pay.
,4. a production bonus is included in the regular rate of pay." - ANSWER
2
3) "Which of the following workers is classified as an employee?
1. A marketing consultant contracted to conduct an
employee/customer satisfaction study
2. A part-time copywriter who is paid a salary and required to work on-
site
3. A lawyer retained on a project-by-project basis
4. A lecturer paid a percentage of the money collected at fund raisers
" - ANSWER 2
4) "Which of the following workers is classified as an employee?
1. A lecturer paid a percentage of the money collected at fund raisers
2. An executive assistant earning an annual salary of $105,000.00
3. An engineer employing assistants to complete a project
4. A commercial " - ANSWER 2
5) What is the feeral minimum hourly rate an employer can pay to
tipped employees who received at least 30 $ per month in tips? 2.13
Under the FLSA, what is the minimum hourly rate an employer can pay
a tipped employee working 30 hours a week and receiving $400.00 a
week in tips? 2.13
"Under the FLSA, which of the following statements is true?
,1. Employers must pay overtime for hours worked on federal holidays.
2. Employers must pay overtime when employees work more than
eight hours in a workday.
3. An employer may establish one workweek for clerical employees and
another for assembly workers.
4. An employer's workweek must coincide with the calendar week.
" - ANSWER 3
6) "Which of the following workers is an exempt employee? 1. A
laboratory technician responsible for cleaning and maintaining the
facilities
2. An assistant office manager who is paid a weekly salary of $970.00
3. A production supervisor responsible for hiring, reviewing, and
scheduling employees who is paid a weekly salary of $780.00
4. A purchasing assistant shelving received materials
" - ANSWER 3
7) Payroll certification opens many doors for payroll professionals. The
wealth of knowledge covered on the Fundamental Payroll Certification
exam, even if it doesn't fit what you are doing today, is immeasurable
for your future. Not only does this designation help secure promotions
and demonstrate your value to your organization - it enhances your
standing within the entire payroll profession. The FPC Examination is
administered electronically,and candidates have three (3) hours to
complete it. The examination consists of 150 multiple-choice questions,
including twenty-five (25) that are pre-test questions. With a passing
, score of 300 on their weighted scale, you can request a certificate and
pin that designate your successful completion of the certification
process.
FPC Exam Content Outline
Core Payroll Concepts 29%
Worker Status
Fair Labor Standards Act
Employment Taxes
Employee Benefits
Employee / Employer Forms
Professional Responsibility
Methods and Timing of Pay
Compliance / Research and Resources 17%
Escheatment
Legislative and Regulatory Requirements
Reporting
Record Retention
Penalties
Global
Calculation of the Paycheck 24%
Compensation / Benefits
Fringe Benefits
Involuntary Deductions / Taxes
Voluntary Deductions
Employer Taxes and Contributions
Total Payroll
Payroll Process and Supporting Systems and Administration 7%
Maintain master file components
Concepts and Functionalities
Business Continuity Plan
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