FPC Payroll Fundamentals exam 2024/2025 with 100% correct answers
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Module
FPC Payroll Fundamentals
Institution
FPC Payroll Fundamentals
Worker that has Fed, OASDI, Medicare, State withheld correct answersEmployee
Worker that requires the employer to pay ER taxes correct answersEmployee
Worker that receives W2 form correct answersEmployee
Worker that does not have taxes withheld correct answersIndependent Contractor
Work...
Worker that has Fed, OASDI, Medicare, State withheld correct answersEmployee
Worker that requires the employer to pay ER taxes correct answersEmployee
Worker that receives W2 form correct answersEmployee
Worker that does not have taxes withheld correct answersIndependent Contractor
Worker that has TIN correct answersIndependent Contractor
Worker that receives 1099 Form correct answersIndependent Contractor
Asks how independent is the employee and how much control can be exervised over the worker. correct
answersCommon Law Test
A worker cannot sign a new contract stating that they will be an indepndent contractor. correct
answersCommon Law Test
Employer has treated similar workers as independent contractors for any period and has filed tax returns
correct answersReasonable Basis Test
Longstanding industry standard of treating similar workers as independent contractors correct
answersReasonable Basis Test
Court decisions for treating workers in similar circumstances as independent contractors correct
answersReasonable Basis Test
, IRS has ruled in a "published ruling" that the workers are indpendent contractors correct
answersReasonable Basis Test
Temporary Service Provider or Leasing Company correct answersPays employees and taxes instead of
company the employee is performing services for
Immigration reform and Control Act of 1986 (IRCA) correct answersRequires employer to verify
employees' eligibility for employment in the US.
Penalties for Violating IRCA correct answers$375 for the first offence and $16,000 for the third
Antidiscrimination under IRCA correct answersThe law prohibits discrimination in hiring or recruiting
workers on the basis of national origin or citizenship
Verification of eligitability correct answersThe burden of verifying that any employee is eligible to work
in this country falls on the employer. All employees hired after November 6, 1989 must be verified.
When must Section 1 of Form I-9 be completed? correct answersThe employee's date of hire.
When must Section 2 of Form 1-9 be completed? correct answersWithin three days of hiring the
employee.
Form SS-5 correct answersApplication for a social security card
Form I-9 correct answersEmployment Eligitability Verification
Employee SSN verification is... correct answersrecommended but not required.
What information must an employer report for new hires? correct answersName, Date of Hire, Address,
SS, Employer's Name, Address, and EIN
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