APA FPC-REMOTE Online Practice Questions and Exam Preparation

APA FPC-REMOTE Online Questions & Answers

• Question 1:

  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

• Question 2:

  For her 10 years of service, an employee was given a gold necklace valued at $100. Which of the following is true?

  A. the gift must be included in her taxable compensation
  B. the gift is tax free
  C. only social security and medicare tax should be withheld on the fair market value of the award
  D. only federal income tax should be withheld on the fair market value of the award
  B. the gift is tax free

• 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:

  A company is located in a state with no state or local income taxes. when grossing up holiday bonuses for employees who have already earned more than $137,700 but less than $175,000 the payroll department should divide the amount of the bonus by what percentage?

  A. 75%
  B. 76.55%
  C. 71.55%
  D. 67.35%
  B. 76.55%

• Question 5:

  What benefits can be provided in a section 125 cafeteria plan?

  A. scholarships
  B. discounts
  C. medical insurance
  D. commuter vans
  C. medical insurance

• Question 6:

  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 7:

  An employee earns $1,000 weekly. his deductions are $174 for federal income tax, $62 for social security tax, and $14.50 for medicare tax. He is not supporting another family and has never been in arrears in his child support payments. What is the maximum child support payment that can be withheld from his wages?

  A. $600
  B. $500
  C. $449.70
  D. $500.18
  C. $449.70

• Question 8:

  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 9:

  Under the FLSA, an employee's workday is defined as:

  A. entire time spent on the job site
  B. time recorded on the employees time sheet
  C. time the employee is performing principal activities
  D. scheduled shift
  C. time the employee is performing principal activities

• Question 10:

  When an employee is overpaid and the repayment occurs in the same year, the repayment requested is the employee's

  A. net overpayment
  B. gross overpayment
  C. gross overpayment minus social security and medicare tax
  D. gross overpayment minus federal income tax
  A. net overpayment