APA APA Certifications FPC-REMOTE Questions & Answers

• Question 61:

  In 2020, an employer must pay social security tax on an employees wages up to:

  A. 127,200

  B. $128,400

  C. 132,900

  D. 137,700

  Correct Answer: D

• Question 62:

  All of the following types of compensation are included in calculating an employees regular rate of pay for overtime purposes except:

  A. shift premiums

  B. production bonus of $15

  C. 4 hours paid but not worked

  D. 4% cost of living adjustment

  Correct Answer: C

• Question 63:

  Payroll must withhold federal income tax from:

  A. contributions to 401k plans

  B. contributions to 457b plans

  C. contributions to nonqualified deferred compensation plans D. contributions to ROTH 401k plans

  Correct Answer: D

• Question 64:

  A waitress is paid $2.25 per hour and she receives $225 in tips during the week. She works 4o hours per week. Which of the following is true?

  A. her employer is allowed to reduce her cash wage to no less than $2.13 per hour

  B. her base pay must be increase to $4.5 per hour after a 90 day training period.

  C. she must be paid $5.12 per hour by her employer

  D. her base salary must be raised to $3 per hour to comply with fed min wage requirements.

  Correct Answer: A

• Question 65:

  What authority controls the frequency with which employees must be paid?

  A. state laws

  B. FLSA rules

  C. Local laws

  D. IRS rules

  Correct Answer: A

• Question 66:

  Checking inputs or outputs against predetermined constraints is called:

  A. internal control

  B. validity edit

  C. system safeguard

  D. parallel test

  Correct Answer: B

• Question 67:

  All of the following statements are correct regarding online processing EXCEPT:

  A. the data is changed immediately

  B. the system is interactive

  C. the operator can communicate with the system as the fata is being processed

  D. the data to be processed may be abtched

  Correct Answer: C

• Question 68:

  An employer contributes $175 per month to an employee's cafeteria plan. since her husband has medical/dental coverage through his employer, she wants to take the $175 per month in cash. which of the following statements is true?

  A. this option is not available; if the amount is not spent, it is lost

  B. the $175 becomes taxable income

  C. only social security tax and medicare tax are withheld from the $175 per month.

  D. the $175 is a tax free benefit to her.

  Correct Answer: B

• Question 69:

  What is the effect on an employees income when the employer pays that employees share of social security and medicare taxes on a fringe benefit?

  A. there is no change

  B. the taxes paid by the employer are considered income to the employee

  C. the amount of the fringe benefit is included in the employees income

  D. there are no ss or medicare taxes on fringe benefits

  Correct Answer: C

• Question 70:

  An employee earns $40,000 annually. claiming single with no entries on lines 2,3, or 4 on her 2020 form W4, she contributes $6,000 annually to her 401k. How much must be withheld for federal income tax, social security, and or medicare tax on contribution?

  A. $0

  B. $459

  C. $918

  D. $1,779

  Correct Answer: B