Full FPC-Remote Practice Test and 134 Unique Questions, Get it Now!
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APA FPC-Remote (Fundamental Payroll Certification) Exam is a rigorous certification exam that is designed to test the knowledge and skills of individuals who are preparing to enter the payroll profession. FPC-Remote exam is administered by the American Payroll Association (APA), which is a professional association that provides education, training, and certification programs for payroll professionals.
NEW QUESTION # 44
Effective feedback, whether positive or negative, should be given as soon as possible after an incident
- A. False
- B. TRUE
Answer: B
NEW QUESTION # 45
In which type of account (asset, liability, expense or revenue) would each of the following entries appear?
- A. employer cost of group term life insurance
- B. deposit of employer portion of social security tax and medicare tax
- C. a new payroll computer
- D. wages paid to employees
- E. mortgage on the addition to your building
- F. ss tax and medicare tax withheld but not deposited
- G. money in a payroll checking account
- H. office furnitue
- I. purchase of computer paper
Answer: A,B,C,D,E,F,G,H,I
NEW QUESTION # 46
What advantages does a payroll checking account provide?
- A. facilitates reconciliations
- B. ensures that checks are issued correctly
- C. ensures that reconciliations are completed in a timely manner
- D. prevents fraud
Answer: A
NEW QUESTION # 47
Whichcafeteria plan are authorized by what Internal Revenue Code Section?
- A. 457b
- B. 0
- C. 401k
- D. 403b
Answer: B
NEW QUESTION # 48
What is a general ledger?
- A. a chronological record of daily transactions
- B. a record of transactions by account
- C. a summary of transactions by date
- D. the first place transactions are recorded
Answer: B
NEW QUESTION # 49
All of the following issues are concerns of external auditors except:
- A. material misstatements of financial statements
- B. efficiency of payroll procedures
- C. risks to the companys financial well being
- D. safeguarding of the firms financial assets
Answer: B
NEW QUESTION # 50
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 accumulating a tax liability of more than $50,000 in the lookback period file schedule B with form 941.
- C. employers with accumulated payroll taxes under $2500 for a month can deposit the amount due with their quarterly tax return.
- D. employers must withhold taxes on noncash fringe benefits at least quarterly.
Answer: B
NEW QUESTION # 51
An employer contributes $200 per month to an employee cafeteria plan. the pretax medical/dental package that she has chosen costs $250 per month. she contributes the extra $50 for this benefit plan. payroll must withhold:
- A. social security tax and medicare tax from only the employee contribution
- B. social security tax, medicare tax, and federal income tax from only the employee contribution
- C. social security tax and medicare tax from only the employer contribution
- D. no tax from either the employee or employer contribution
Answer: D
NEW QUESTION # 52
Under what conditions can an employee claim exemption from withholding on form W4?
- A. an employee takes her first job
- B. had no tax liability last year and expects no tax liability this year
- C. receiving overtime pay
- D. anticipates receiving a bonus
Answer: B
NEW QUESTION # 53
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. tangibles
- B. assurance
- C. responsiveness
- D. reliability
- E. empathy
Answer: D
NEW QUESTION # 54
Payroll documentation accomplishes all of the following goals EXCEPT:
- A. ensuring uniformity
- B. providing a reference tool
- C. ensuring that procedures are followed
- D. simplifying training
Answer: C
NEW QUESTION # 55
Which of the following employee benefits is nontaxable compensation?
- A. company vehicle (business use)
- B. moving expense
- C. gifts, prizes awards
- D. company vehicle (personal use)
Answer: A
NEW QUESTION # 56
When making a supplemental wage payment to an employee whose supplemental YTD wages exceed
$1,000,000 what tax rate is used to calculate federal income tax withholding?
- A. 37%
- B. 6%
- C. 24%
- D. 22%
Answer: A
NEW QUESTION # 57
All of the following statements about FLSA overtime regulations are true EXCEPT:
- A. employers must pay overtime when employees work more than 8 hours in a workday.
- B. a bonus paid under a union contract is included in the regular rate of pay
- C. the weeks regular rate of pay must include shift premiums
- D. a holiday bonus, paid at the discretion of the employer is excluded from the regular rate of pay
Answer: A
NEW QUESTION # 58
A record of the business transactions by account is found in the:
- A. chart of accounts
- B. ledger
- C. balance sheet
- D. journal
Answer: B
NEW QUESTION # 59
All of the following features are present in a qualified plan except:
- A. written documentation
- B. the right to benefits is nontrasferrable
- C. benefits for employees
- D. discriminator in favor of highly compensated employees
Answer: D
NEW QUESTION # 60
Which of the following records must be kept for 4 years:
- A. OSHA records
- B. time cards
- C. hours worked
- D. voided payroll checks
Answer: D
NEW QUESTION # 61
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:
- A. at least the federal minimum wage
- B. time and one half for working the holiday
- C. a shift differential for working the late night shift
- D. double time for working the holiday
Answer: A
NEW QUESTION # 62
hat type of pay is included in the regular rate of pay calculation?
- A. paid sick leave
- B. production bonuses
- C. paid vacation leave
- D. discretionary bonuses
Answer: B
NEW QUESTION # 63
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