***Ace the Fundamental Payroll Certification Exam and Get the Results You Deserve*** The Fundamental Payroll Certification Exam is a challenging test and your results can make a huge difference when it comes to your future. If you do well on the exam, it can open doors and lead to wonderful opportunities. If you do poorly on the exam, you will find yourself with a lot fewer options. You may have to put your plans for the future on hold, or even give up on them altogether. Preparing for your exam with our Fundamental Payroll Certification Exam Flashcard Study System can help you avoid this fate and give you a big advantage when you sit down to take the test. Thousands of satisfied customers have relied on Mometrix Flashcards to help them pass their exam, and now you can too. When you study with these flashcards, you'll get an in-depth review of each section on the Fundamental Payroll Certification Exam. The Core Payroll Concepts section covers:
- Employee and independent contractor
- Self-employment
- FUTA
- FICA
- Federal minimum wage requirement exemptions
- W4 form
- W2 form
- Tax withholding calculations
- Escheatment
- Filing requirements for payroll documents
- Income tax returns and reports
- One Day Rule
- FUTA reports
- Withholding and reporting for independent contractors
- Social Security number uses
- Taxable income
- Taxable wage base
- Fringe benefits
- Non-taxable income
- Payroll deductions
- Federal income tax withholding calculations
- Allowances
- Payroll recordkeeping system
- Payroll register and employee earning record
- Deposit requirements
- Employer requirements for employee deductions
- Penalties
- Wage garnishment
- Cash payments
- Age and disability protection acts
- Standard HR department procedures
- Commission and bonus payments
- Minimum wage and opportunity wage
- General ledger accounts
- Journal entry