Practice Free FPC-REMOTE Exam Online Questions
Last week, a high school teacher spent 40 hours in the classroom, worked 10 hours grading papers and was required to put in another 8 hours on saturday at the school sponsored science fair. under the FLSA, what overtime hours, if any, must the teacher be paid?
- A . time and a one half for 0 hours
- B . time and a one half for 8 hours
- C . time and a one half for 10 hours
- D . time and a one half for 18 hours
What advantages does a payroll checking account provide?
- A . prevents fraud
- B . facilitates reconciliations
- C . ensures that reconciliations are completed in a timely manner
- D . ensures that checks are issued correctly
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:
- A . taxable compensation
- B . de minimis fringes
- C . working condition fringes
- D . no-additional cost services
An employer provides an employee $300 each month in bus tokens so she can commute to work.
How much of this expense is taxable?
- A . $135
- B . $270
- C . $280
- D . $300
A voluntary deduction must be:
- A . authorized by the employee
- B . deducted without the employee’s permission
- C . changed to what the employer needs to deduct
The statue of limitation for correcting a form 941 is:
- 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
Which of the following types of accumulators, which one accumulates values over a period of time?
- A . segment accumulator
- B . balance accumulator
- C . compunding accumulator
- D . composite accumulator
When must overtime be paid?
- A . each week
- B . with the next payroll
- C . as soon as practically possible
when does an employer stop deducting a federal tax levy from an employee’s wages?
- A . the amount on the levy is reached
- B . The IRS issues a form 668-D
- C . the employee asks that the levy deduction be stopped
FUTA taxes of more than $500 on wages paid in the first quarter must be deposited no later than:
- A . march 31
- B . april 15
- C . april 30
- D . may 1