APA APA Certifications FPC-REMOTE Questions & Answers

• Question 81:

  A computerized payroll system can help a payroll dept accomplish all of the following tasks except:

  A. compliance w laws and regulations

  B. producing timely, accurate paychecks

  C. record retention

  D. recognize changes in laws and regulations

  Correct Answer: D

• Question 82:

  Which tax withholidng method uses the average earnings for one pay period to determine the withholding per pay period?

  A. percentage method

  B. quarterly averaging method

  C. annualizing wage method

  D. none of the above

  Correct Answer: C

• Question 83:

  Privacy of employee info should be a top priority of the payroll manager, but not necessarily a top priority of the payroll staff.

  A. true

  B. false

  Correct Answer: B

• Question 84:

  A plant supervisor met with the payroll department to schedule a special pay run that would accomodate the shutdown for the holidays. after payroll committed to the date, it realized that to meet this deadline would require working a weekend. Which customer service principle will be compromised if the deadline is not met?

  A. reliability

  B. responsiveness

  C. assurance

  D. empathy

  E. tangibles

  Correct Answer: A

• Question 85:

  An employee belongs to a professional organization. when his company pays his dues, the payment is:

  A. taxable compensation

  B. de minimis fringes

  C. a working condition fringe

  D. a no-additional cost service

  Correct Answer: C

• Question 86:

  All of the following statements about FLSA overtime regulations are true EXCEPT:

  A. a bonus paid under a union contract is included in the regular rate of pay

  B. a holiday bonus, paid at the discretion of the employer is excluded from the regular rate of pay

  C. the weeks regular rate of pay must include shift premiums

  D. employers must pay overtime when employees work more than 8 hours in a workday.

  Correct Answer: D

• Question 87:

  When using the Optional Flat Rate Method, which of the following items is considered when making the calculation?

  A. taxable wages

  B. pay frequency

  C. filing status

  D. number of dependents

  Correct Answer: A

• Question 88:

  Which of the following records must be kept for 4 years:

  A. OSHA records

  B. time cards

  C. voided payroll checks

  D. hours worked

  Correct Answer: C

• Question 89:

  What federal taxes, if any, must the salesperson's employer withhold for his personal use of the company vehicle?

  A. social security and medicare tax only

  B. federal income tax only

  C. federal income tax, social security tax, and medicare tax

  D. no taxes are required to be withheld

  Correct Answer: A

• Question 90:

  A financial transaction is first posted in your organizations:

  A. chart of accounts

  B. ledger

  C. journal

  D. balance sheet

  Correct Answer: C