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Vendor: APA
Exam Code: FPC-REMOTE
Exam Name: Fundamental Payroll Certification
Certification: APA Certification
Total Questions: 133 Q&A
Updated on: Dec 08, 2024
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At the beginning of the year, an employee elected to buy group term life insurance as part of his benefit package through his companys cafeteria benefit plan. in may he took out an individual life insurance policy. since he no longer needs group coverage, he wants to replace the insurance option with increase contributions to his 401k plans. is this possible?
A. yes, if both GTL and the 401k plan are part of the same cafeteria benefit program, he can switch
B. yes but he will have to pay taxes on the amount.
C. no
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
A semiweekly depositor that has a payroll tax liability of $50,000 from a Monday payroll must deposit the liability by:
A. tues
B. weds
C. thurs
D. fri
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