Fundamental Payroll Certification Fundamental Payroll Payroll Reporting and Compliance 3

Question 1

Which agency must employers notify when an employee's wages are subject to a child support income withholding order?

Accepted Answer

The state child support enforcement agency

Answer

Employers must remit withheld child support payments to the state child support enforcement agency, which then disburses funds to the custodial parent.

Question 2

Under the Electronic Federal Tax Payment System (EFTPS), by what time must a tax deposit be initiated on the due date to be considered timely?

Accepted Answer

8:00 p.m. ET the day before

Answer

EFTPS payments must be initiated by 8:00 p.m. Eastern Time the day before the due date to be credited on time.

Question 3

An employer has a semiweekly deposit obligation for payroll taxes. For wages paid on Thursday, when is the deposit due?

Accepted Answer

The following Wednesday

Answer

For semiweekly depositors, taxes on wages paid Wednesday through Friday are due by the following Wednesday.

Question 4

What is the purpose of Form 8809 in payroll compliance?

Accepted Answer

To request an extension of time to file information returns

Answer

Form 8809 is used to request an automatic 30-day extension of time to file information returns such as W-2s and 1099s.

Question 5

Which penalty applies when an employer intentionally disregards the requirement to file correct information returns?

Accepted Answer

$570 per return

Answer

The penalty for intentional disregard of information return filing requirements is $570 per return (indexed for inflation), with no annual cap.

Fundamental Payroll Certification Practice Test

Fundamental Payroll Certification Practice Test

Fundamental Payroll Certification Fundamental Payroll Payroll Reporting and Compliance 3