Fpc payroll benefit - Study guides, Class notes & Summaries

FPC Exam Fundamental Payroll 143 Questions with Verified Answers 668-W - CORRECT ANSWER Notice of Levy on Wages, Salary, and Other Income 1096 - CORRECT ANSWER Annual Summary and Transmittal of U.S. Information Returns Under the FLSA how old must a minor be to be employed? - CORRECT ANSWER 14 What is the FUTA tax rate? - CORRECT ANSWER 6.0% On form 941, the employer reports - CORRECT ANSWER Social Security Wages What is the formula for calculating an employees net pay? - CORREC...

FPC Certification Exam 62 Questions with Verified Answers FLSA - CORRECT ANSWER Fair Labor Standards Act Journal - CORRECT ANSWER Debits and credits to a specific ledger accout Is batch processing interactive? - CORRECT ANSWER No By when must employers inform employees to submit a new W-4 if marital status or # of allowances have changed? - CORRECT ANSWER December 1st Are non qualified deferred compensations plans subject to contribution limits? - CORRECT ANSWER No What plans a...

FPC Payroll Fundamentals Exam 102 Questions with Verified Answers Worker that has Fed, OASDI, Medicare, State withheld - CORRECT ANSWER Employee Worker that requires the employer to pay ER taxes - CORRECT ANSWER Employee Worker that receives W2 form - CORRECT ANSWER Employee Worker that does not have taxes withheld - CORRECT ANSWER Independent Contractor Worker that has TIN - CORRECT ANSWER Independent Contractor Worker that receives 1099 Form - CORRECT ANSWER Independent Contr...

FPC Test Random 72 Questions with Verified Answers An employee earns $1,031.00 semimonthly and with this paycheck receives a $300.00 production bonus. Deductions include $126.00 for federal income tax, $101.82 for social security and Medicare tax, $125.00 for court-ordered child support payments, and a $25.00 credit union payment. For this pay period, calculate the employee's semimonthly disposable pay for a creditor garnishment. - CORRECT ANSWER $1,103.18. An individual receiving a taxab...

FPC Flash Cards Fall 2024 Chapter 9 (USG) Questions & Answers What is equity? Equity represents an owner's investment in the company, consisting of contributed capital and retained earnings. What is double-entry accounting? The process in a journal entry that records equal debits and credits for EVERY financial transaction. Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:15 Full screen Brainpower Read More What is the General L...

FPC Payroll Fundamentals 1.9, 1.10 Questions & Answers IRS requires marital status and allowances are obtained from Form W-4 Major Payroll Tasks Compliance with federal, state and local regulations Timely and accurate issuance of paychecks Periodic reporting Record retention Control and Security Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:15 Full screen Brainpower Read More Federal Requirements for a Master File - Employee Data ...

FPC Exam Complete Solutions SS8 Ans- Determination of worker status for purposes of federal employment taxes and income tax withholding; requests clarification on worker status Acceptable work time rounding practices Ans- Can round to the nearest quarter hour or 15 minutes; 1 to 7 minutes can be rounded down, 8 to 14 minutes must be rounded up Exempt employee classification Ans- Not entitled to the benefits and protections of the FLSA. May not have to be paid minimum-wage White collar ...

CISA Exam 533 Questions with Verified Answers 2021 Acceptance Testing - CORRECT ANSWER Testing to see whether products meet requirements specified in contract or by user. Access - CORRECT ANSWER A specific type of interaction between a subject and an object that results in the flow of information from one to the other. A subject's right to use an object. Access Control - CORRECT ANSWER Aka controlled access & limited access. (1) Process of limiting access to resources of a system only ...