Valid FPC-Remote Dumps shared by ExamDiscuss.com for Helping Passing FPC-Remote Exam! ExamDiscuss.com now offer the newest FPC-Remote exam dumps, the ExamDiscuss.com FPC-Remote exam questions have been updated and answers have been corrected get the newest ExamDiscuss.com FPC-Remote dumps with Test Engine here:
Access FPC-Remote Dumps Premium Version
(152 Q&As Dumps, 35%OFF Special Discount Code: freecram)
<< Prev Question Next Question >>
Question 46/74
During open enrollment, the employee elects the following deductions. What is the total of the Section 125 Cafeteria Plan deductions?
Correct Answer: A
Comprehensive and Detailed Explanation:
Section 125 Cafeteria Plan deductions include only pre-tax health and dental insurance contributions.
Eligible Pre-Tax Deductions:
Health Insurance Premiums: $50.00
Dental Insurance Premiums: $20.00
Total Section 125 Deductions: $70.00
Non-Eligible Deductions:
Charitable Contributions ($5.00) → Not pre-tax.
457(b) Deferral ($100.00) → Retirement savings, not a Section 125 deduction.
Thus, the correct answer is A. $70.00.
Reference:
IRS - Section 125 Cafeteria Plan Guidelines
Payroll.org - Employee Benefit Deduction Compliance
Section 125 Cafeteria Plan deductions include only pre-tax health and dental insurance contributions.
Eligible Pre-Tax Deductions:
Health Insurance Premiums: $50.00
Dental Insurance Premiums: $20.00
Total Section 125 Deductions: $70.00
Non-Eligible Deductions:
Charitable Contributions ($5.00) → Not pre-tax.
457(b) Deferral ($100.00) → Retirement savings, not a Section 125 deduction.
Thus, the correct answer is A. $70.00.
Reference:
IRS - Section 125 Cafeteria Plan Guidelines
Payroll.org - Employee Benefit Deduction Compliance
- Question List (74q)
- Question 1: Documentation on legislative changes to Forms W-2 and W-3 is...
- Question 2: Report backup withholding to the IRS using:...
- Question 3: Which of the following situations does NOT reflect construct...
- Question 4: Which of the following documents listed on Form I-9 can be u...
- Question 5: Which of the following record-keeping storage methods does N...
- Question 6: An out-of-balance condition in the general ledger could be c...
- Question 7: Using the wage bracket method and the information below, cal...
- Question 8: Using the following information from a payroll register, cal...
- Question 9: What information is reported to the IRS on Form 1094-C?...
- Question 10: The FLSA requires employers to retain employee work time sch...
- Question 11: Workers' compensation payments are excluded from gross incom...
- Question 12: All of the following criteria are used to determine FMLA eli...
- Question 13: Which of the following forms is used by an employer to file ...
- Question 14: Failure to create a payroll ACH file is a violation of which...
- Question 15: Which of the following forms of identification CANNOT be use...
- Question 16: Which of the following factors is NOT used to determine a SU...
- Question 17: An employee has YTD wages in the amount of $250,000.00 and r...
- Question 18: Using the following information, calculate the imputed incom...
- Question 19: Which of the following criteria is NOT used to determine if ...
- Question 20: To identify an out-of-balance general ledger account, all of...
- Question 21: Under the CCPA, use the following information to calculate t...
- Question 22: All of the following standards demonstrate effective communi...
- Question 23: Which organization should be contacted when placing a stop p...
- Question 24: The withholding of federal income tax is regulated by the:...
- Question 25: Which of the following items is NOT found on an employee's m...
- Question 26: An employee clocked in for work at 8:07 a.m. and out at 4:08...
- Question 27: Employers who properly repay over-withheld amounts to employ...
- Question 28: Employer's federal quarterly employment taxes are reported o...
- Question 29: Which of the following awards are included in an employee's ...
- Question 30: Which of the following general ledger accounts should normal...
- Question 31: All of the following statements are correct regarding indepe...
- Question 32: An employee has received $169,000.00 in YTD earnings. The em...
- Question 33: A mechanism which facilitates local tax withholding for an e...
- Question 34: Which of the following taxes are NOT withheld from allocated...
- Question 35: Employees may report tips to the employer using:...
- Question 36: Which activity does NOT indicate a data breach has occurred?...
- Question 37: The FINAL phase of the accounting process involves the:...
- Question 38: What is the purpose of Form I-9?...
- Question 39: Employers can take advantage of all of the following afforda...
- Question 40: A willful violation of child labor laws, that does NOT invol...
- Question 41: When a payer receives a "B" Notice, it must send a copy of t...
- Question 42: When an employer allocates tips, which of the following stat...
- Question 43: The due date for filing Form 941 is the:...
- Question 44: All of the following resources are available to help a Payro...
- Question 45: Using the wage bracket method, calculate the employee's net ...
- Question 46: During open enrollment, the employee elects the following de...
- Question 47: Payroll standard operating procedures should be updated no l...
- Question 48: Which of the following simulations would NOT be performed wh...
- Question 49: The purpose of the prenotification process for direct deposi...
- Question 50: Which form is used by third-party administrators to report s...
- Question 51: Using the following information from a payroll journal, calc...
- Question 52: When resolving late deposits, the payroll staff should take ...
- Question 53: Where should a firm's business transactions FIRST be recorde...
- Question 54: IRS regulations require employers to take all of the followi...
- Question 55: Using the following information, calculate the employer's to...
- Question 56: The reconciliation of an employee federal income tax withhol...
- Question 57: Payroll system security violations may result in:...
- Question 58: All of the following employees are examples of phantom emplo...
- Question 59: As of December 31, 2024, what is the MAXIMUM amount, if any,...
- Question 60: To reconcile a general ledger tax liability account balance,...
- Question 61: The journal is commonly referred to as the record of:...
- Question 62: An independent contractor status is indicated if the worker:...
- Question 63: All of the following statements about the implementation of ...
- Question 64: All of the following workflow mapping descriptions are corre...
- Question 65: What is the purpose of the ACA legislation?...
- Question 66: Which of the following deductions from pay is considered a v...
- Question 67: Payroll liability tax accounts should be reconciled at LEAST...
- Question 68: Which of the following expenses is a non-operating expense?...
- Question 69: To stop payment on an employee's check, the employer must wo...
- Question 70: When an employee fails to cash a payroll check and the emplo...
- Question 71: Which test is used to determine if an employer-employee rela...
- Question 72: A state's minimum wage is $0.60 higher than the federal mini...
- Question 73: All of the following activities are examples of an internal ...
- Question 74: Which of the following wage attachments has the highest prio...
