Payroll Source Cpp Practice Exam - Questions & Solutions

ER-sponsored athletic facilities may be nontaxable fringe benefits if the: a. ER requires substantiation of the amount, time, and business purpose of the facilities' use b. ER incurs no substantial additional cost, except labor, to provide the facilities c. facilities are on the ER's premises d. facilities qualify as a de minimis fringe {Ans: c. facilities are on the ER's premises}A local national is defined as an EE: a. from another country working in the US b. from the US working in a foreign country c. from a foreign company working in the US d. from a foreign country working in his or her home country location {Ans: d. from a foreign country working in his or her home country location}All of the following steps are required when initiating direct deposit for an EE EXCEPT: a. prenoting b. receiving financial institution routing number c. getting authorization from the EE d. receiving EE's bank account number {Ans: a. prenoting}For how many years must the ER's copy of Form 940 be retained? a. 2 b. 3 c. 4 d. 5 {Ans: c. 4}Under the FLSA, a workweek is defined as: a. any 7 consecutive 24-hour periods b. Sunday