This page was exported from Latest Exam Prep [ http://certify.vceprep.com ] Export date:Sat Sep 21 11:46:47 2024 / +0000 GMT ___________________________________________________ Title: Guaranteed Success in American Planning Association FPC-Remote Exam Dumps [Q62-Q78] --------------------------------------------------- Guaranteed Success in American Planning Association FPC-Remote Exam Dumps APA FPC-Remote Daily Practice Exam New 2024 Updated 134 Questions NO.62 when does an employer stop deducting a federal tax levy from an employee’s wages?  the amount on the levy is reached  The IRS issues a form 668-D  the employee asks that the levy deduction be stopped NO.63 Assume that a deposit is due on Weds, but this is a non-banking day. to be considered made timely, the employers deposit of federal payroll taxes must be made on or before the close of business on:  tuesday  thursday  monday  friday NO.64 An employee works from midnight to 8am on a company paid holiday but does not work more than 40 hours during the workweek. under the FLSA, the employee must be paid:  double time for working the holiday  time and one half for working the holiday  a shift differential for working the late night shift  at least the federal minimum wage NO.65 You receive a letter of inquiry concerning an employee. What should you do?  follow your companys policy on the release of employee info  ignore the letter becuase its the employees issue  send a short letter to the agency stating that the issue is being reviewed.  call the requested and tell them you plan to locate the info and send it in a few months.` NO.66 All of the following issues are concerns of external auditors except:  safeguarding of the firms financial assets  risks to the companys financial well being  efficiency of payroll procedures  material misstatements of financial statements NO.67 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:  on or before the following wednesday  on or before the following friday  by the next business day  by the 15th the following month NO.68 The statue of limitation for correcting a form 941 is:  due date of 941 form for quarter in which error was discovered  april 15 following the year error was discovered  whenever discovered, up to 7 years  april 15 3 years after the close of tax year error was made NO.69 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:  taxable compensation  de minimis fringes  working condition fringes  no-additional cost services NO.70 What federal taxes, if any, must the salesperson’s employer withhold for his personal use of the company vehicle?  social security and medicare tax only  federal income tax only  federal income tax, social security tax, and medicare tax  no taxes are required to be withheld NO.71 Under the FLSA, what type of pay is included in a nonexempt employee’s regular rate of pay calculation?  paid vacation leave  paid sick leave  discretionary bonuses  production bonuses NO.72 What authority controls the frequency with which employees must be paid?  state laws  FLSA rules  Local laws  IRS rules NO.73 Internal control procedures include all of the following except:  system interfaces  rotation of duties  segregating jobs  account reconciliation NO.74 Would each of the following entries be posted in the account as a debit (DR) or credit (CR)?  purchase of a desk in an asset account  purchase of stationary in an expense account  withdrawal from a payroll checking account  employer contributions to a 401k plan in an expense account  state income tax withheld but not deposited in a liability account  federal income tax withheld but not paid in a liability account  mortgage payment in a liability account NO.75 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?  $0  $459  $918  $1,779 NO.76 Prior to beginning work for a company, a chemical engineer signed a contract stating that she agreed to work as an independent contractor. she performs all her duties in the companys laboratories, works under the companys direction, and maintains regular office hours. what is her status?  independent contractor under common law  independent contractor under reasonable basis test  employee NO.77 Under what conditions can an employee claim exemption from withholding on form W4?  receiving overtime pay  had no tax liability last year and expects no tax liability this year  anticipates receiving a bonus  an employee takes her first job NO.78 Payroll documentation accomplishes all of the following EXCEPT:  provide uniformity  simplify training  ensure procedures are followed  provide a reference tool  Loading … Test Engine to Practice FPC-Remote Test Questions: https://www.vceprep.com/FPC-Remote-latest-vce-prep.html --------------------------------------------------- Images: https://certify.vceprep.com/wp-content/plugins/watu/loading.gif https://certify.vceprep.com/wp-content/plugins/watu/loading.gif --------------------------------------------------- --------------------------------------------------- Post date: 2024-06-23 11:56:52 Post date GMT: 2024-06-23 11:56:52 Post modified date: 2024-06-23 11:56:52 Post modified date GMT: 2024-06-23 11:56:52