APA FPC-REMOTE Online Practice Questions and Exam Preparation

APA FPC-REMOTE Online Questions & Answers

• Question 21:

  All of the following regulate payments made by DD EXCEPT:

  A. consumer financial protection bureau
  B. NACHA
  C. State laws
  D. local laws
  D. local laws

• Question 22:

  Last week, a high school teacher spent 40 hours in the classroom, worked 10 hours grading papers and was required to put in another 8 hours on saturday at the school sponsored science fair. under the FLSA, what overtime hours, if any, must the teacher be paid?

  A. time and a one half for 0 hours
  B. time and a one half for 8 hours
  C. time and a one half for 10 hours
  D. time and a one half for 18 hours
  A. time and a one half for 0 hours

• Question 23:

  when does an employer stop deducting a federal tax levy from an employee's wages?

  A. the amount on the levy is reached
  B. The IRS issues a form 668-D
  C. the employee asks that the levy deduction be stopped
  B. The IRS issues a form 668-D

• Question 24:

  When an employee begins to receive social security benefits, the employer no longer needs to withhold social security and medicare taxes.

  A. TRUE
  B. False
  A. TRUE

• Question 25:

  An employee claims exempt from withholding on his form W4. to continue the exempt status for the next year, a new form W4:

  A. must be filed by dec 31
  B. must be filed by feb 15 of the following year
  C. is not necessary
  D. is invalid if the employee claims more than 10 dependents
  B. must be filed by feb 15 of the following year

• Question 26:

  In what part of a 2020 form w4 does an employee claim dependents?

  A. step 3
  B. writing below step 4c
  C. step 2
  D. dependents are not claimed on form W4
  A. step 3

• Question 27:

  Which of the following types of accumulators, which one accumulates values over a period of time?

  A. segment accumulator
  B. balance accumulator
  C. compunding accumulator
  D. composite accumulator
  B. balance accumulator

• Question 28:

  A voluntary deduction must be:

  A. authorized by the employee
  B. deducted without the employee's permission
  C. changed to what the employer needs to deduct
  A. authorized by the employee

• Question 29:

  When making a supplemental wage payment to an employee whose supplemental YTD wages exceed $1,000,000 what tax rate is used to calculate federal income tax withholding?

  A. 6%
  B. 22%
  C. 24%
  D. 37%
  D. 37%

• Question 30:

  Which of the following is the best method of guarding against phantom employees?

  A. monthly bank reconciliation
  B. validity edits
  C. physical payout
  D. audit trails
  C. physical payout