Health Care > EXAM > FPC Certification QUESTIONS WITH ANSWERS 100% CORRECT (All)

FPC Certification QUESTIONS WITH ANSWERS 100% CORRECT

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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 employ... ers 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 are subject to contribution limits? Correct Answer: 401K, 457b, 403b What form is used to correct mistakes done on form 941? Correct Answer: Form 941-X How many billing cycles does an employer have to update their payroll for changes to employee's W-4? Correct Answer: Two billing cycles (?) The ability of a payroll department to provide accurate paychecks on a timely basis is an example of the customer service principle of ___________. Correct Answer: Reliability FUTA Correct Answer: Federal Unemployment Tax Act Common Law Test is made up of what three things? Correct Answer: behavioral control, relationship of the parties, financial control What are criteria used in calculating an employees federal income tax? Correct Answer: # of allowances, pay frequency, marital status Tangibles that a payroll department displays are: Correct Answer: Physical facilities, organization, appearance of the payroll staff If an employee's spouse passes away, when must the employee submit an amended W-4? Correct Answer: January 1st of the following year What pay is considered disc [Show More]

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