FPC EXAM FUNDAMENTAL PAYROLL QUESTIONS AND ANSWERS

FPC EXAM FUNDAMENTAL PAYROLL QUESTIONS AND ANSWERS
Question : 668-W
CORRECT ANSWER: Notice of Levy on Wages, Salary,
and Other Income
Question : 1096
CORRECT ANSWER: Annual Summary and Transmittal
of U.S. Information Returns
Question : Under the FLSA how old must a minor be to be
employed?
CORRECT ANSWER: 14
Question : What is the FUTA tax rate?
CORRECT ANSWER: 6.0%
Question : On form 941, the employer reports
CORRECT ANSWER: Social Security Wages
Question : What is the formula for calculating an employees
net pay?
CORRECT ANSWER: Gross pay-deductions for taxesother deductions

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