APA APA Certifications FPC-REMOTE Questions & Answers

• Question 121:

  hat type of pay is included in the regular rate of pay calculation?

  A. discretionary bonuses

  B. paid sick leave

  C. paid vacation leave

  D. production bonuses

  Correct Answer: D

• Question 122:

  When does an exempt W4 expire?

  A. at the end of each quarter

  B. Feb 15 of next year

  C. it continues as long as the ee is subject to ss tax

  D. dec 31 each year

  Correct Answer: B

• Question 123:

  In which type of account (asset, liability, expense or revenue) would each of the following entries appear?

  A. a new payroll computer

  B. purchase of computer paper

  C. money in a payroll checking account

  D. wages paid to employees

  E. ss tax and medicare tax withheld but not deposited

  F. employer cost of group term life insurance

  G. office furnitue

  H. deposit of employer portion of social security tax and medicare tax

  I. mortgage on the addition to your building

  Correct Answer: ABCDEFGHI

• Question 124:

  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

  Correct Answer: C

• Question 125:

  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

  Correct Answer: B

• Question 126:

  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

  Correct Answer: D

• Question 127:

  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

  Correct Answer: B

• Question 128:

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

  A. each pay period

  B. quarterly

  C. semiannually

  D. annually

  Correct Answer: D

• Question 129:

  Whichcafeteria plan are authorized by what Internal Revenue Code Section?

  A. 125

  B. 401k

  C. 403b

  D. 457b

  Correct Answer: A

• Question 130:

  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

  Correct Answer: C