APA APA Certifications FPC-REMOTE Questions & Answers

• Question 41:

  An employer may provide all of the following features in a 401k plan except:

  A. matching contributions

  B. lower ceilings on contributions

  C. higher benefits for highly compensated employees

  D. catch up contribution

  Correct Answer: C

• Question 42:

  A company is a monthly depositer for 2020. on payday, the company accumulates apayroll tax liability of $101,000. the payroll tax deposits for this liability must be made:

  A. on or before the following wednesday

  B. on or before the following friday

  C. by the next business day

  D. by the 15th the following month

  Correct Answer: C

• Question 43:

  At the beginning of the year, an employee elected to buy group term life insurance as part of his benefit package through his companys cafeteria benefit plan. in may he took out an individual life insurance policy. since he no longer needs group coverage, he wants to replace the insurance option with increase contributions to his 401k plans. is this possible?

  A. yes, if both GTL and the 401k plan are part of the same cafeteria benefit program, he can switch

  B. yes but he will have to pay taxes on the amount.

  C. no

  Correct Answer: C

• Question 44:

  All of the following types of payments are included in the regular rate of pay calculation except:

  A. a production bonus to be paid in June which the employer announced in jan

  B. an agreement with the union to pay one half of one weeks salary to workers with over 5 years of services

  C. a traditional $50 gift certificate which the firm has paid for the past 5 years during holiday season

  D. shift differential for working the 4pm to midnight shift

  Correct Answer: C

• Question 45:

  Which of the following amounts is used when calculating an employee's gross up?

  A. disposable income

  B. take home pay

  C. gross income

  D. net pay

  Correct Answer: D

• Question 46:

  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

  Correct Answer: B

• Question 47:

  Effective feedback, whether positive or negative, should be given as soon as possible after an incident

  A. TRUE

  B. False

  Correct Answer: A

• Question 48:

  If you need very rapid response time with minimal lag between input and output into your computer system, look for:

  A. batch processing

  B. remote entry processing

  C. real time processing

  D. network processing

  Correct Answer: C

• Question 49:

  What is a general ledger?

  A. a summary of transactions by date

  B. the first place transactions are recorded

  C. a chronological record of daily transactions

  D. a record of transactions by account

  Correct Answer: D

• Question 50:

  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

  Correct Answer: A