Quiz: Fundamental Payroll Certification Test!
Below is a Trivia Questions Quiz on Fundamental Payroll Certification Test! The human resource department and the accounts department work hand in hand when it comes to the payroll system. The system should be able to give pay to the existing employees after necessary deductions are made. By taking this quiz, you will get to see how ready you are for the certification test.
Questions and Answers
- 1.
What two froms must be filled out before you receive a paycheck?
- A.
Form I-9 and Form 1040.
- B.
Form W-4 and Employee's Withholding Allowance Certificate.
- C.
Form 1-9 and Form W-4.
- D.
Form I-9 and Form 1099.
Correct Answer
B. Form W-4 and Employee's Withholding Allowance Certificate.Explanation
Before receiving a paycheck, two forms that must be filled out are Form W-4 and Employee's Withholding Allowance Certificate. These forms are necessary for the employer to determine the correct amount of federal income tax to withhold from the employee's paycheck. The Form W-4 provides information about the employee's filing status, number of dependents, and any additional withholdings, while the Employee's Withholding Allowance Certificate is used to calculate the amount of tax to be withheld based on the information provided in the Form W-4.Rate this question:
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- 2.
The Four types of withholding taxes are: Federal Income Tax, County Income tax, Employee Income Tax and
Correct Answer
FICA, , Government,, State , Local - 3.
Social Securtiy and Medicare taxes together make-up what is called
- A.
FICA
- B.
State Income Tax
- C.
FCC
- D.
County Income Tax
Correct Answer
A. FICAExplanation
The correct answer is FICA. FICA stands for Federal Insurance Contributions Act, which is a law that requires employees and employers to contribute to Social Security and Medicare taxes. These taxes are used to fund these social insurance programs that provide benefits to retired and disabled individuals, as well as healthcare coverage for elderly and disabled individuals. Therefore, Social Security and Medicare taxes together make up what is called FICA.Rate this question:
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- 4.
Which answer is least likely to be correct? Workers can be classified as
- A.
Employees
- B.
Temporary Contractors
- C.
Exempt
- D.
Non-Exempt
Correct Answer
B. Temporary ContractorsExplanation
Temporary Contractors are least likely to be classified as workers because they are not permanent employees of the company. Temporary contractors are usually hired for a specific project or period of time and are not considered regular employees. They are often hired through staffing agencies or as independent contractors, and their employment status is different from that of employees, exempt, and non-exempt workers.Rate this question:
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- 5.
True or False. For Independent Contractors the employerr issues a 1099 MISC form to the worker and the IRS to report pay that is over $800 per year.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
The employer issues a 1099 MISC form to the worker and the IRS to report pay that is over $600.Rate this question:
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- 6.
IF an independent contractor fails to provide a TIN number she is subject to which of the following?
- A.
Monetary fines
- B.
Back up withholding of 28%
- C.
Back up withholding of 40%
- D.
Garnishment of 1099 income
Correct Answer
B. Back up withholding of 28%Explanation
If an independent contractor fails to provide a TIN number, she is subject to back up withholding of 28%. This means that the payer of the income is required to withhold 28% of the contractor's payment and send it directly to the IRS. The withheld amount is then credited against the contractor's tax liability when she files her tax return. This penalty is imposed to ensure that the contractor fulfills her tax obligations and provides accurate information to the IRS.Rate this question:
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- 7.
The FLSA DOES NOT require which of the following?
- A.
Record Keeping Keeping (3 years)
- B.
Overtime
- C.
Payable Time
- D.
Vacation Pay
Correct Answer
D. Vacation PayExplanation
The FLSA (Fair Labor Standards Act) does not require employers to provide vacation pay to their employees. The act does have regulations regarding record-keeping, overtime, and payable time, but it does not specifically address vacation pay. This means that employers are not legally obligated to offer paid vacation time to their employees under the FLSA.Rate this question:
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- 8.
True/False. Areas ;eft unregulated by fedear laws are usually regulated by state laws.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Areas left unregulated by federal laws are usually regulated by state laws because the Constitution grants certain powers to the federal government while reserving all other powers to the states. This means that if the federal government has not specifically regulated a certain area, the states have the authority to do so. This allows states to tailor regulations to their specific needs and preferences, ensuring that laws are responsive to local conditions and concerns. As a result, it is generally true that areas not covered by federal laws are regulated by state laws.Rate this question:
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- 9.
All of the follwoing are non-exempt employees except for which one?
- A.
A manager who has people reporting to her.
- B.
A person whose primary job is to index computer files continuously.
- C.
A high school administrator.
- D.
A computer specialist.
Correct Answer
B. A person whose primary job is to index computer files continuously.Explanation
The correct answer is "A person whose primary job is to index computer files continuously." This person is likely classified as an exempt employee because their job involves primarily administrative tasks, such as organizing and maintaining computer files. Exempt employees are typically exempt from certain labor laws, such as overtime pay, because their job duties are considered to be more managerial or professional in nature. In contrast, the other options - a manager with subordinates, a high school administrator, and a computer specialist - are all examples of employees who would typically be classified as non-exempt due to their job responsibilities.Rate this question:
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- 10.
As of 2008 federal minimum wage per hour was
Correct Answer
$5.75, $5.15, $4.25, $5.85Explanation
The correct answer is $5.85.Rate this question:
- 11.
The FLSA and IRS have identical tip income rules.
- A.
Ture
- B.
False
Correct Answer
B. FalseExplanation
The FLSA deems tipped employees as those who make over $30/month in tips, whereas the IRS classifies tipped employees as those who make over $20/month in tips.Rate this question:
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- 12.
How much overtime is the employee entitled to If if he works 8 hrs Sunday-Tuesday, 9 hours on Wednesday, 12 hours on Thursday and 10 hours on Friday,
- A.
7
- B.
6
- C.
0
- D.
9
Correct Answer
A. 7Explanation
The employee is entitled to 7 hours of overtime. The regular working hours for the week are 40 hours (8 hours x 3 days), and the employee has worked a total of 49 hours (40 regular hours + 9 hours on Wednesday). Therefore, the employee has worked 9 hours of overtime (49 total hours - 40 regular hours), but since the question asks for the amount of overtime the employee is entitled to, the answer is 7 hours.Rate this question:
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