FPC-Remote Exam Dumps - Fundamental Payroll Certification

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Question # 33

An employer provides an employee $300 each month in bus tokens so she can commute to work. How much of this expense is taxable?

$135

$270

$280

$300

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Question # 34

You receive a penalty notice from a government agency. the info is not readily available. what should you do first?

conduct a thorough investigation and send the report to the agency.

ignore the letter because it will take time to location the information.

send a short letter to the agency stating that the issues is being reviewed.

call the agency and tell them you plan to location the info and send it in a few months.

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Question # 35

When does an exempt W4 expire?

at the end of each quarter

Feb 15 of next year

it continues as long as the ee is subject to ss tax

dec 31 each year

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Question # 36

What is a general ledger?

a summary of transactions by date

the first place transactions are recorded

a chronological record of daily transactions

a record of transactions by account

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Question # 37

Which of the following is true regarding payroll tax deposits?

employers are penalized for failing to deposit 100% of their tax liability by the due date.

employers with accumulated payroll taxes under $2500 for a month can deposit the amount due with their quarterly tax return.

employers accumulating a tax liability of more than $50,000 in the lookback period file schedule B with form 941.

employers must withhold taxes on noncash fringe benefits at least quarterly.

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Question # 38

An employee going to the payroll department to ask a question about his paycheck. when he arrives, the desks are unattended, files are open, desk tops are covered with paper, and the floor has stacks of reports askew. Which customer service principle could be improved in this payroll department?

reliability

responsiveness

assurance

empahty

tangibles

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