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 50/74
Which form is used by third-party administrators to report sick pay paid on behalf of an employer?
Correct Answer: C
Comprehensive and Detailed Explanation:
Form 8922, Third-Party Sick Pay Recap, is used when a third-party administrator (TPA) pays sick pay on behalf of an employer and needs to report taxable wages properly.
This ensures that Social Security, Medicare, and FUTA taxes are correctly allocated between the employer and third party.
Sick pay is subject to FICA taxes, but not always subject to FUTA if paid directly by an insurer.
Option A (Form 941) is incorrect because it is used for quarterly payroll tax filings.
Option B (Form 1099) is incorrect because sick pay is reported on W-2, not 1099.
Option D (Form 1095-B) is incorrect because it relates to health coverage reporting.
Reference:
IRS Form 8922 Instructions - Third-Party Sick Pay Recap
Payroll.org - Sick Pay Taxation Guidelines
Form 8922, Third-Party Sick Pay Recap, is used when a third-party administrator (TPA) pays sick pay on behalf of an employer and needs to report taxable wages properly.
This ensures that Social Security, Medicare, and FUTA taxes are correctly allocated between the employer and third party.
Sick pay is subject to FICA taxes, but not always subject to FUTA if paid directly by an insurer.
Option A (Form 941) is incorrect because it is used for quarterly payroll tax filings.
Option B (Form 1099) is incorrect because sick pay is reported on W-2, not 1099.
Option D (Form 1095-B) is incorrect because it relates to health coverage reporting.
Reference:
IRS Form 8922 Instructions - Third-Party Sick Pay Recap
Payroll.org - Sick Pay Taxation Guidelines
- 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...
