Fpc exam 4 - Study guides, Class notes & Summaries

FPC Exam Fundamental Payroll Questions and Answers 2024/2025 668-W - - Notice of Levy on Wages, Salary, and Other Income 1096 - - Annual Summary and Transmittal of U.S. Information Returns Under the FLSA how old must a minor be to be employed? - - 14 What is the FUTA tax rate? - - 6.0% On form 941, the employer reports - - Social Security Wages What is the formula for calculating an employees net pay? - - Gross pay-deductions for taxes- other deductions Which plan discriminates in favor...

FPC Exam Fundamental Payroll With 100% Correct And Verified Answers 2024 668-W - Correct Answer-Notice of Levy on Wages, Salary, and Other Income 1096 - Correct Answer-Annual Summary and Transmittal of U.S. Information Returns Under the FLSA how old must a minor be to be employed? - Correct Answer-14 What is the FUTA tax rate? - Correct Answer-6.0% On form 941, the employer reports - Correct Answer-Social Security Wages What is the formula for calculating an employees net pay? - ...

Fundamental Payroll Certification (FPC) Exam 20 Questions with Verified Answers Which form is completed by the employee to establish federal income tax withholding? - CORRECT ANSWER Form W-4 A nonexempt employee works 37½ hours per week at a regular monthly salary of $3,932.50. Under the FLSA, calculate the employee's regular rate of pay. - CORRECT ANSWER $24.20 A nonexempt employee works 40 hours per week at a regular annual salary of $45,240. Under the FLSA, calculate the employee'...

FPC Exam Fundamental Payroll questions and answers latest top score. 668-W - correct answers.Notice of Levy on Wages, Salary, and Other Income 1096 - correct answers.Annual Summary and Transmittal of U.S. Information Returns Under the FLSA how old must a minor be to be employed? - correct answers.14 What is the FUTA tax rate? - correct answers.6.0% On form 941, the employer reports - correct answers.Social Security Wages What is the formula for calculating a...

Fundamental Payroll Certification (FPC) Exam 20 Questions with Verified Answers Which form is completed by the employee to establish federal income tax withholding? - CORRECT ANSWER Form W-4 A nonexempt employee works 37½ hours per week at a regular monthly salary of $3,932.50. Under the FLSA, calculate the employee's regular rate of pay. - CORRECT ANSWER $24.20 A nonexempt employee works 40 hours per week at a regular annual salary of $45,240. Under the FLSA, calculate the employee'...

FPC Payroll Fundamentals Exam 102 Questions with Verified Answers Worker that has Fed, OASDI, Medicare, State withheld - CORRECT ANSWER Employee Worker that requires the employer to pay ER taxes - CORRECT ANSWER Employee Worker that receives W2 form - CORRECT ANSWER Employee Worker that does not have taxes withheld - CORRECT ANSWER Independent Contractor Worker that has TIN - CORRECT ANSWER Independent Contractor Worker that receives 1099 Form - CORRECT ANSWER Independent Contr...

FPC Certification Exam 62 Questions with Verified Answers FLSA - CORRECT ANSWER Fair Labor Standards Act Journal - CORRECT ANSWER Debits and credits to a specific ledger accout Is batch processing interactive? - CORRECT ANSWER No By when must employers inform employees to submit a new W-4 if marital status or # of allowances have changed? - CORRECT ANSWER December 1st Are non qualified deferred compensations plans subject to contribution limits? - CORRECT ANSWER No What plans a...

FPC PRACTICE FINAL PART 1 Exam 39 Questions with Verified Answers Company deadlines for payroll data input documents are essential for: - CORRECT ANSWER Timely processing of payroll Which of the following practices is strong internal control? - CORRECT ANSWER Have a person, other than the person who requested and authorized payments to prepare the payroll checks Generally, what is the largest expense for most companies? - CORRECT ANSWER Salaries and benefits The process of balancing...

FPC Exam Fundamental Payroll 143 Questions with Verified Answers 668-W - CORRECT ANSWER Notice of Levy on Wages, Salary, and Other Income 1096 - CORRECT ANSWER Annual Summary and Transmittal of U.S. Information Returns Under the FLSA how old must a minor be to be employed? - CORRECT ANSWER 14 What is the FUTA tax rate? - CORRECT ANSWER 6.0% On form 941, the employer reports - CORRECT ANSWER Social Security Wages What is the formula for calculating an employees net pay? - CORREC...

FPC Practice Exam 188 Questions with Verified Answers Cafeteria plan are authorized by what Internal Revenue Code Section? A. 125 B. 401k C. 403b D. 457b - CORRECT ANSWER a. 125 all of the following are tax implications of a cafeteria plan except: a. no income tax withholding b. no social security and medicare tax withholding c. must withhold income, social security, and medicare taxes d. no form W2 reporting - CORRECT ANSWER C. must withhold income, social security, and medicare t...