FPC Exam With 100% Correct And Verified Answers 2024, Exams of Advanced Education

Download FPC Exam With 100% Correct And Verified Answers 2024 and more Exams Advanced Education in PDF only on Docsity! FPC Exam With 100% Correct And Verified Answers 2024 Social secuirty - Correct Answer-6.2% Medicare - Correct Answer-1.45% Optional flat rate - Correct Answer-25% Taxable amount of non cash - Correct Answer-Imputed FICA - Correct Answer-7.65% Meals and miles - Correct Answer-Taxable Qualified move - Correct Answer-.17 For parking and passenger vans - Correct Answer-$255 Weekly - Correct Answer-52 Biweekly - Correct Answer-26 Semimonthly - Correct Answer-24 Months - Correct Answer-12 Working Days - Correct Answer-260 Personal miles divided by total miles - Correct Answer-FMV Subtract 50,000 divide 1,000 then multiply by age - Correct Answer-GTL Federal unemployment rate (futa) - Correct Answer-6.0% Futa credit reduction - Correct Answer-5.4% Futa after credit reduction - Correct Answer-0.6% federal unemployment annual - Correct Answer-940 Surtax rate - Correct Answer-.9 SS wage limit - Correct Answer-127,200 Flexible spending account - Correct Answer-FSA Health savings account - Correct Answer-Hsa 401k - Correct Answer-Pretax Personal - Correct Answer-.54 Look back period to determine deposits - Correct Answer-July-June Monthly depositor - Correct Answer-Less than 50,000 Semiweekly - Correct Answer-Over 50,000 Payday Saturday Sunday Monday Tuesday. When is the deposit day - Correct Answer- Friday WTF - Correct Answer-Wednesday Employers quarterly tax return - Correct Answer-Form 941 Agricultural annual - Correct Answer-Form 943 Less than $1,000 in taxes annually - Correct Answer-Form 944 Non payroll payments - Correct Answer-Form 945 Futa taxes annual federal unemployment - Correct Answer-Form 940 Medicare wage limit - Correct Answer-0 Working Hours - Correct Answer-2080 Box 12 m - Correct Answer-Uncollected tax on gtl Box 12 b - Correct Answer-Uncollected med tax on tips Box 12 W - Correct Answer-Has er contribution Box 11 - Correct Answer-Non qualified plan deferrals SS Wage limit - Correct Answer-$127,200 Tentative credit - Correct Answer-5.4%