What is the futa tax rate - 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...

Payroll Fundamentals Ch. 1 Exam 135 Questions with Verified Answers Common Law Test - Questions - CORRECT ANSWER 1) How independent is the employee? 2) How much control can be exercised over the worker? Common Law Test - Employee - CORRECT ANSWER - Required to comply with employer's instructions about when, where, and how to work - Works exclusively for the employer - Hired by the employer - Subject to dismissal; can quit without liability - Has a continuing relationship with the e...

Workday Pro Payroll Exam 178 Questions with Verified Answers What is an example of an object? - CORRECT ANSWER Organizations, workers, and positions T/F You can calculate payroll multiple times during a pay period? - CORRECT ANSWER True T/F To include compensation data in your payroll results, you must run a compensation? - CORRECT ANSWER False What three items comprise the payroll processing framework, which identifies the when, what, and who process? - CORRECT ANSWER Period Schedul...

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 of highly compensated employees? Nonqualifie...

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? - ...

1. At a plant where car doors are manufactured, all of the following would be classified as direct labor except: a. Machinists. b. Assembly workers. c. Supervisor. d. Painters. ANSWER: c RATIONALE: Maintenance workers, while integral to the manufacturing process as they keep the machinery maintained, are not direct laborers because they do not actually add value to the product. Machinists, assembly workers and painters would all add value to the manufacture of a car door. ...

Fundamental Payroll Certification 88 Questions with Verified Answers Spring 2023 2 separate w-3's - CORRECT ANSWER Form 1096 1 consolidated Form w-3 Form 8279 2 separate w-3's general valuation rule - CORRECT ANSWER actual market value actual cash value general valuation rule implied benefit rule employee - CORRECT ANSWER Independent contractor w-4 exempt employee exempt from FLSA $150 - CORRECT ANSWER $0 $150 $165 $210 written authorization -...

Certified Payroll Professional Exam (CPP) Part 2|95 Questions with Verified Answers Topic - CORRECT ANSWER Definition Knowledge of workers' compensation regulations - CORRECT ANSWER Knowledge of federal tax levy requirements - CORRECT ANSWER Knowledge of wage attachment/garnishment rules (e.g., Consumer Credit Protection Act - Bankruptcy) - CORRECT ANSWER Knowledge of child support withholding order regulations - CORRECT ANSWER Knowledge of medical support order regulation...

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 Exam Fundamental Payroll Questions and Answers 100% Correct | Updated 2024