[Jan 23, 2024] New Updated FPC-Remote Exam Questions 2024
Updated Free APA FPC-Remote Test Engine Questions with 134 Q&As
APA FPC-Remote Exam is a certification exam designed for individuals who want to specialize in payroll processing. FPC-Remote exam is administered by the American Payroll Association (APA) and is recognized as a benchmark for payroll professionals. Passing the exam is a clear indication of one's proficiency in payroll processing and is an excellent way to enhance one's career prospects.
NEW QUESTION # 55
Which of the following plans can discriminate in favor of highly compensation employees?
- A. defined contribution plans
- B. 401k plans
- C. section 125 plans
- D. nonqualified deferred compensation plans
Answer: D
NEW QUESTION # 56
when a payroll department does not respond promptly to a penalty notice from a governmental agency against an employee, this is an example of:
- A. poor problem solving
- B. breaching confidentiality
- C. lack of compliance
- D. responding to higher priorities
Answer: A
NEW QUESTION # 57
When an employee begins to receive social security benefits, the employer no longer needs to withhold social security and medicare taxes.
- A. False
- B. TRUE
Answer: B
NEW QUESTION # 58
All of the following are reasons payroll keeps records except:
- A. demonstrate accuracy of paychecks
- B. compliance with laws
- C. periodic reporting
- D. demonstrate security of payroll
Answer: D
NEW QUESTION # 59
A voluntary deduction must be:
- A. authorized by the employee
- B. deducted without the employee's permission
- C. changed to what the employer needs to deduct
Answer: A
NEW QUESTION # 60
A record of the business transactions by account is found in the:
- A. balance sheet
- B. ledger
- C. chart of accounts
- D. journal
Answer: B
NEW QUESTION # 61
An employee belongs to a professional organization. when his company pays his dues, the payment is:
- A. a working condition fringe
- B. a no-additional cost service
- C. de minimis fringes
- D. taxable compensation
Answer: A
NEW QUESTION # 62
All of the following statements are correct regarding online processing EXCEPT:
- A. the data is changed immediately
- B. the operator can communicate with the system as the fata is being processed
- C. the system is interactive
- D. the data to be processed may be abtched
Answer: B
NEW QUESTION # 63
Privacy of employee info should be a top priority of the payroll manager, but not necessarily a top priority of the payroll staff.
- A. false
- B. true
Answer: A
NEW QUESTION # 64
Salaries earned but not yet paid in the current month must be recorded as:
- A. debit to salary payable
- B. debit to cash
- C. debit to salary expense
- D. credit to salary expense
Answer: C
NEW QUESTION # 65
Under which type of plans are employee contributions subject to social security and medicare taxes?
- A. 403b only
- B. 401k, 403b, and 457b
- C. 457b only
- D. 401k only
Answer: B
NEW QUESTION # 66
Which tax withholidng method uses the average earnings for one pay period to determine the withholding per pay period?
- A. percentage method
- B. none of the above
- C. quarterly averaging method
- D. annualizing wage method
Answer: D
NEW QUESTION # 67
What is a general ledger?
- A. the first place transactions are recorded
- B. a chronological record of daily transactions
- C. a record of transactions by account
- D. a summary of transactions by date
Answer: C
NEW QUESTION # 68
The owners of a company want to set up a retirement program for themselves, but do not want to make contributions on behalf of their employees. all of their employees are under age 30. What can they do?
- A. establish only a 401k plan that restricts eligibility to employees over age 30.
- B. set up nonqualified deferred compensation plan only
- C. establish only a 401k plan that restricts eligibility to employees over age 30, and set up a nonqualified deferred compensation plan.
- D. establish a 403b plan for all employees
Answer: B
NEW QUESTION # 69
What authority controls the frequency with which employees must be paid?
- A. IRS rules
- B. state laws
- C. FLSA rules
- D. Local laws
Answer: B
NEW QUESTION # 70
Would each of the following entries be posted in the account as a debit (DR) or credit (CR)?
- A. purchase of a desk in an asset account
- B. purchase of stationary in an expense account
- C. federal income tax withheld but not paid in a liability account
- D. state income tax withheld but not deposited in a liability account
- E. mortgage payment in a liability account
- F. withdrawal from a payroll checking account
- G. employer contributions to a 401k plan in an expense account
Answer: A,B,C,D,E,F,G
NEW QUESTION # 71
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. 6%
- B. 37%
- C. 22%
- D. 24%
Answer: B
NEW QUESTION # 72
A record of the daily transaction of a business is:
- A. balance sheet
- B. ledger
- C. journal
- D. chart of accounts
Answer: C
NEW QUESTION # 73
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