APA FPC-REMOTE Online Practice Questions and Exam Preparation

APA FPC-REMOTE Online Questions & Answers

• Question 1:

  What does an employer use to calculate the amount to withhold for an IRS tax levy?

  A. disposable pay
  B. net pay
  C. take home pay
  D. taxable wages
  C. take home pay

• Question 2:

  Salaries earned but not yet paid in the current month must be recorded as:

  A. debit to salary payable
  B. credit to salary expense
  C. debit to cash
  D. debit to salary expense
  D. debit to salary expense

• Question 3:

  The statue of limitation for correcting a form 941 is:

  A. due date of 941 form for quarter in which error was discovered
  B. april 15 following the year error was discovered
  C. whenever discovered, up to 7 years
  D. april 15 3 years after the close of tax year error was made
  D. april 15 3 years after the close of tax year error was made

• Question 4:

  An employee was recently married. the employer pays on the 15th and last day of every month. on June 10, the employee submitted a revised W4. When must you change the amount of his withholding?

  A. on his june 15th paycheck
  B. on his june 30th paycheck
  C. on his july 15th paycheck
  D. on his july 31 paychecl
  C. on his july 15th paycheck

• Question 5:

  Whichcafeteria plan are authorized by what Internal Revenue Code Section?

  A. 125
  B. 401k
  C. 403b
  D. 457b
  A. 125

• Question 6:

  How frequently must an employer include noncash fringe benefits in an employee's income?

  A. each pay period
  B. quarterly
  C. semiannually
  D. annually
  D. annually

• Question 7:

  When supplemental wages are paid at the same time as regular wages, how are withholding taxes computer?

  A. withholding on supplemental wages is taxed separately
  B. withholding taxes are based on the total of the wages and supplemental wages
  C. supplemental wages are not subject to withholding taxes
  D. supplemental wages are taxed at a different withholding rate
  B. withholding taxes are based on the total of the wages and supplemental wages

• Question 8:

  How long should employers keep payroll records beyond legal requirements

  A. 2 years
  B. 3 years
  C. 4 years
  D. as long as the company needs the records
  D. as long as the company needs the records

• Question 9:

  For a payment after the employee's death in the year of the death, what taxes, if any, will be withheld?

  A. federal income tax only
  B. social security and medicare taxes only
  C. both federal income and social security and medicare taxes
  D. no taxes will be withheld
  B. social security and medicare taxes only

• Question 10:

  Which type of report does not originate from the employees earning record?

  A. taxable wages for each ee
  B. calc of the appropriate tax rates
  C. a report of form 1099 earnings
  D. payroll analysis report
  C. a report of form 1099 earnings