Free APA FPC-Remote Exam Dumps Questions & Answers

What is the purpose of the ACA legislation?

• A.  Supplemental tax increase
• B.  Financial reform
• C.  Income tax reduction
• D.  Healthcare reform

To ensure net pay is correct and taxes are deposited timely, which items need to be reconciled?

• A.  Accounts payable payments and end-of-the-month balances; general ledger entries and payroll register
• B.  Accounts payable payments and end-of-the-month balances only
• C.  Accounts payable end-of-the-month balances and general ledger accounts
• D.  General ledger accounts and payroll register only

The lowest priority is given to which of the following time management categories?

• A.  Not urgent but important
• B.  Not urgent and not important
• C.  Urgent and important
• D.  Urgent but not important

Which of the following situations does NOT reflect constructive receipt of wages?

• A.  Direct deposit funds are made available to the employee.
• B.  Check is in the employee's possession.
• C.  Payment has been set aside in the Payroll Department for employee pickup.
• D.  Employer mails paycheck through the United States Postal Service.

Which account type is used to classify accrued, but not yet taken, paid leave that is carried over from one year to the next?

• A.  Deferred assets
• B.  Expenses
• C.  Current assets
• D.  Long-term liabilities