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FPC-Remote Exam Dumps - APA Certification Questions and Answers

Question # 34

An employee was sick the last week in december. his paycheck, dated dec 31, 2020 was held for him until he returned to work on Jan 6, 2021. these wages are taxable:

Options:

A.

in 2020

B.

in 2021

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Question # 35

Salaries earned but not yet paid in the current month must be recorded as:

Options:

A.

debit to salary payable

B.

credit to salary expense

C.

debit to cash

D.

debit to salary expense

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Question # 36

One of the options in an employee's cafeteria benefit plan is a dependent care flexible spending account. He earnmarked $100 per month to the account to pay for child care but spent only $1000 by the end of the plans grace period. At the end of the grace period, what happens to the $200 left in the account?

Options:

A.

the amount is forfeited

B.

it will be added to his taxable income

C.

he can use it to buy an additional benefits

D.

it will carry over to the next year

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Question # 37

A waitress is paid $2.25 per hour and she receives $225 in tips during the week. She works 4o hours per week. Which of the following is true?

Options:

A.

her employer is allowed to reduce her cash wage to no less than $2.13 per hour

B.

her base pay must be increase to $4.5 per hour after a 90 day training period.

C.

she must be paid $5.12 per hour by her employer

D.

her base salary must be raised to $3 per hour to comply with fed min wage requirements.

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Question # 38

Last month, an employee emailed her mother on the company's email, photocopied fliers for her church picnic at work and used her work computer to update her resume. These services represent:

Options:

A.

taxable compensation

B.

de minimis fringes

C.

working condition fringes

D.

no-additional cost services

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Question # 39

Which of the following plans can discriminate in favor of highly compensation employees?

Options:

A.

section 125 plans

B.

defined contribution plans

C.

401k plans

D.

nonqualified deferred compensation plans

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Question # 40

Which of the following amounts is used when calculating an employee's gross up?

Options:

A.

disposable income

B.

take home pay

C.

gross income

D.

net pay

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Question # 41

The statue of limitation for correcting a form 941 is:

Options:

A.

due date of 941 form for quarter in which error was discovered

B.

april 15 following the year error was discovered

C.

whenever discovered, up to 7 years

D.

april 15 3 years after the close of tax year error was made

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Question # 42

A company is a monthly depositer for 2020. on payday, the company accumulates apayroll tax liability of $101,000. the payroll tax deposits for this liability must be made:

Options:

A.

on or before the following wednesday

B.

on or before the following friday

C.

by the next business day

D.

by the 15th the following month

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Exam Code: FPC-Remote
Exam Name: Fundamental Payroll Certification
Last Update: Feb 23, 2025
Questions: 133
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