ASA Compensation, Benefits & Payroll Management

Question 1

Under the Fair Labor Standards Act (FLSA), what is the standard overtime threshold requiring time-and-a-half pay for non-exempt employees?

Accepted Answer

More than 40 hours per week

Answer

More than 35 hours per week

Answer

More than 45 hours per week

Answer

More than 48 hours per week

Question 2

Which IRS form must staffing agencies use to report wages paid to temporary employees?

Accepted Answer

Form W-2

Answer

Form 1099-NEC

Answer

Form 1099-MISC

Answer

Form W-9

Question 3

What term describes the markup rate a staffing agency adds to the worker's pay rate when billing a client?

Accepted Answer

Bill rate multiplier

Answer

Gross margin

Answer

Burden rate

Answer

Load factor

Question 4

Which component of a temporary employee's total cost package covers employer-paid Social Security and Medicare taxes?

Accepted Answer

FICA taxes

Answer

Workers' compensation premium

Answer

FUTA contributions

Answer

SUI taxes

Question 5

Under the Affordable Care Act, staffing agencies that qualify as Applicable Large Employers (ALEs) must offer health coverage to employees working at least how many hours per week?

Accepted Answer

30 hours per week

Answer

20 hours per week

Answer

25 hours per week

Answer

35 hours per week

Question 6

What is the purpose of a co-employment arrangement in the staffing industry?

Accepted Answer

To share employer responsibilities between the staffing agency and the client company

Answer

To allow the client to directly pay the worker without agency involvement

Answer

To eliminate workers' compensation liability entirely

Answer

To classify workers as independent contractors

Question 7

Which federal payroll tax funds unemployment benefits at the federal level and is paid solely by the employer?

Accepted Answer

FUTA

Answer

FICA

Answer

SUTA

Answer

ERISA