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COMBINED FPC Exam Study Questions with Verified Answers Graded A 2024
COMBINED FPC Exam Study Questions with Verified Answers Graded A 2024
[Show more]COMBINED FPC Exam Study Questions with Verified Answers Graded A 2024
[Show more](1) Challenges in payroll - ANSWERS-complexity, communication, technology, accuracy 
 
(1) Payroll Process - ANSWERS-employee (new hire, W4, I9), payroll (reports, reconciles), gov. (tax, reporting), employee (W2, pay statements) 
 
(1) Tax withholding for employees - ANSWERS-FIT, SS, Medicare, stat...
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Add to cart(1) Challenges in payroll - ANSWERS-complexity, communication, technology, accuracy 
 
(1) Payroll Process - ANSWERS-employee (new hire, W4, I9), payroll (reports, reconciles), gov. (tax, reporting), employee (W2, pay statements) 
 
(1) Tax withholding for employees - ANSWERS-FIT, SS, Medicare, stat...
668-W - ANSWERS-Notice of Levy on Wages, Salary, and Other Income 
 
1096 - ANSWERS-Annual Summary and Transmittal of U.S. Information Returns 
 
Under the FLSA how old must a minor be to be employed? - ANSWERS-14 
 
What is the FUTA tax rate? - ANSWERS-6.0% 
 
On form 941, the employer reports - AN...
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Add to cart668-W - ANSWERS-Notice of Levy on Wages, Salary, and Other Income 
 
1096 - ANSWERS-Annual Summary and Transmittal of U.S. Information Returns 
 
Under the FLSA how old must a minor be to be employed? - ANSWERS-14 
 
What is the FUTA tax rate? - ANSWERS-6.0% 
 
On form 941, the employer reports - AN...
Worker that has Fed, OASDI, Medicare, State withheld - ANSWERS-Employee 
 
Worker that requires the employer to pay ER taxes - ANSWERS-Employee 
 
Worker that receives W2 form - ANSWERS-Employee 
 
Worker that does not have taxes withheld - ANSWERS-Independent Contractor 
 
Worker that has TIN - ANS...
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Add to cartWorker that has Fed, OASDI, Medicare, State withheld - ANSWERS-Employee 
 
Worker that requires the employer to pay ER taxes - ANSWERS-Employee 
 
Worker that receives W2 form - ANSWERS-Employee 
 
Worker that does not have taxes withheld - ANSWERS-Independent Contractor 
 
Worker that has TIN - ANS...
Social Security Limit 2024 - ANSWER-168600 
 
Earnings over 1,000,000 are taxed at - ANSWER-37% 
 
Parking and Transportation benefit limit for 2024 - ANSWER-315 per month per benefit 
 
Medicare EE Contribution Rate for earnings over 200,000 - ANSWER-2.35%. (this is only for the employee), the empl...
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Add to cartSocial Security Limit 2024 - ANSWER-168600 
 
Earnings over 1,000,000 are taxed at - ANSWER-37% 
 
Parking and Transportation benefit limit for 2024 - ANSWER-315 per month per benefit 
 
Medicare EE Contribution Rate for earnings over 200,000 - ANSWER-2.35%. (this is only for the employee), the empl...
payroll -answer- The process used to pay employees accurately and on time 
 
Employee Federal Withholding Taxes -answer- Federal income tax, social security tax, medicare 
 
Independent Contractor -answer- any person who agrees to perform a service for a fee and who is not subject to the control of ...
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Add to cartpayroll -answer- The process used to pay employees accurately and on time 
 
Employee Federal Withholding Taxes -answer- Federal income tax, social security tax, medicare 
 
Independent Contractor -answer- any person who agrees to perform a service for a fee and who is not subject to the control of ...
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