APA APA Certifications FPC-REMOTE Questions & Answers

• Question 21:

  An employee who files an exempt form W4 is exempt from the withholding of:

  A. federal income tax only

  B. social security tax only

  C. medicare tax only

  D. all taxes

  Correct Answer: A

• Question 22:

  The federal minimum wage is used when figuring the amount to withhold for a creditor garnishment

  A. TRUE

  B. False

  Correct Answer: A

• Question 23:

  When must overtime be paid?

  A. each week

  B. with the next payroll

  C. as soon as practically possible

  Correct Answer: C

• Question 24:

  For a payment after the employees death in the year AFTER the death, what taxes, if any, will be withheld?

  A. federal income tax only

  B. social security and medicare taxes only

  C. federal income and social security and medicare taxes

  D. no taxes will be withheld

  Correct Answer: D

• Question 25:

  Which of the following is true regarding payroll tax deposits?

  A. employers are penalized for failing to deposit 100% of their tax liability by the due date.

  B. employers with accumulated payroll taxes under $2500 for a month can deposit the amount due with their quarterly tax return.

  C. employers accumulating a tax liability of more than $50,000 in the lookback period file schedule B with form 941.

  D. employers must withhold taxes on noncash fringe benefits at least quarterly.

  Correct Answer: C

• Question 26:

  All of the following types of employees are classified as exempt from the FLSAs min wage and OT requirements except:

  A. professional

  B. outside salesperson

  C. administrative

  D. computer repairman

  Correct Answer: C

• Question 27:

  An employer maintains its employee master file in computer files. which of the following statements is true?

  A. under federal law, the employer is required to keep a backup of these records

  B. employment records must be kept for 7 years

  C. there is no federal requirement to update the data monthly

  Correct Answer: C

• Question 28:

  How would each of the following be posted?

  A. increase in asset account

  B. decrease in liability account

  C. increase an expense account

  D. decrease an asset account

  E. increase a revenue account

  Correct Answer: ABCDE

• Question 29:

  An exempt employee under the FLSA is exempt from:

  A. minimum wage only

  B. federal income tax withholding

  C. both minimum wage and overtime

  D. overtime payments only

  Correct Answer: C

• Question 30:

  Last month, an employee emailed her mother on the company's email, photocopied fliers for her church picnic at work and used her work computer to update her resume. These services represent:

  A. taxable compensation

  B. de minimis fringes

  C. working condition fringes

  D. no-additional cost services

  Correct Answer: B