Fpc chapter 3 - Study guides, Class notes & Summaries

FPC- Chapter 3 Questions (1)

FPC Exam Chapter 1 Questions & Answers Challenges to payroll 1. Complexity = Federal, state and local laws change frequently and must be incorporated into company policies 2. Communication = clear, consise payroll information 3. Technology = software, equipment and web-based applications can enhance payroll process (automatic time keeping, record storage and retrieval) 4. Accuracy = employee's pay, tax filing, management of reports, etc. Employees vs. Independent Contractors...

FPC Chapter 4.4 Questions & Answers Form 843 is used to: A. pay underpaid taxes reported on Form 941. B. request a refund of overpaid taxes reported on Form 941. C. request an abatement of assessed interest and penalties. D. request overpaid taxes reported on Form 941 be credited to the next Form 941. C. request an abatement of assessed interest and penalties **Use Form 843, Claim for Refund and Request for Abatement, to file a claim for abatement of assessed interest and penalties.**...

FPC Chapter 5.3 Questions & Answers A payroll system should ensure the: A. maintenance and storage of records only. B. storage and retrieval of records only. C. maintenance and retrieval of records only. D. maintenance, storage and retrieval of records. D. maintenance, storage and retrieval of records. Under the FLSA, how many years must an employee's record of the number of hours worked in a workweek be retained? 3 Years **The basic federal payroll record keeping requireme...

FPC Chapter 3.

FPC Chapter 3.5.

FPC- Chapter 3 Questions.

Chapter 3 FPC STUDY SESH