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Payroll Level II Pre-Assessment

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1.Name(Required.)
2.The FLSA covers four things. List them.
3.List the three White Collar Exemption Classifications:
4.What is the minimum weekly salary level required for exemption for the employees listed in question 2?
5.Which two forms must be completed when an employee is first hired?
6.How often must the new hire report be filed with the state?
7.The FMLA is administered and enforced by ______
8.What is the definition of a workweek?
9.Where does the employer send Form W-2?
10.What form must be completed to obtain a Social Security Card?
11.What are the three valuation methods that can be used to determine the taxable amount for an employee’s personal use of a company provided vehicle?
12.An employee earns $30,000 per year and the company provides GTL insurance of 3 times the employee’s annual salary. How much of the insurance coverage is subject to taxation?
13.What are the three major categories of benefits paid through social security?
14.Under FMLA, eligible employees are entitled to how many weeks of unpaid leave to care for a qualified individual?
15.What is the law that established minimum wage and overtime standards in the US?
16.Pam is receiving a net bonus of $10,000. Calculate the gross up using the following information:
- FIT 25%; State 3.5%; Social Security and Medicare tax
- What is the gross up amount that must be processed so that Pam receives a net of $10,000?
17.Define the following acronyms:
18.How often is the 940-form filed?
19.How long must an employer retain a I-9 form for an employee who worked for the company for more than 4 years?
20.If a monthly depositor accumulates $100,000 in tax liability on any day during a month, when would these funds be due?
21.Name three circumstances when an employee is allowed to make changes to their benefits under a Cafeteria Plan?
Thank you for completing this pre-assessment.  Once you submit, you will be directed to the Corporate College Professional Development webpage.