Get APA FPC-Remote Exam Practice Questions - Real and Updated

Answer : B

Comprehensive and Detailed Explanation:

The Family and Medical Leave Act (FMLA) requires employers to retain all leave-related records for at least 3 years. This includes:

Employee requests for leave

Employer's written responses

Dates and duration of leave taken

Premium payments for benefits during leave

Option A (2 years) is incorrect because the minimum requirement is 3 years.

Option C (4 years) and Option D (5 years) are incorrect because the law specifies a 3-year retention period.

Answer : B

Comprehensive and Detailed Explanation:

Non-operating expenses are costs not directly related to the core operations of a business.

Option A (Insurance) is an operating expense because it is necessary to protect business assets.

Option C (Legal fees) is an operating expense if related to business operations.

Option D (Utilities) is an operating expense because they are required to keep business operations running.

Option B (Interest paid on income taxes) is a non-operating expense because it is not part of daily business operations but rather a financial or tax-related cost.

GAAP Accounting Principles -- Classification of Expenses

Payroll.org -- Payroll-Related Business Expenses

Topic 2, Exam Part 2

Answer : D

Comprehensive and Detailed Explanation:

Under Form I-9 retention rules, an employer must retain the form for the later of:

Three years from the date of hire, or

One year from the termination date.

Employee hired on July 1, 2021 Three years from hire date = July 1, 2024

Employee terminated on September 30, 2022 One year from termination = September 30, 2023

Since the latest date is September 30, 2024, that is the earliest date the employer may dispose of the Form I-9.

Answer : A

Comprehensive and Detailed Explanation:

The priority order for wage attachments is as follows:

Bankruptcy orders (Option A) -- Court-ordered payments under the U.S. Bankruptcy Code take top priority over all other wage deductions.

Child support (Option B) -- The second-highest priority under federal law, governed by the Consumer Credit Protection Act (CCPA).

State tax levies (Option C) -- Third in priority, varies by state.

Wage assignments (Option D) -- Lowest priority, usually voluntary agreements by employees.

Consumer Credit Protection Act (CCPA) -- Wage Garnishment Priorities

Payroll.org -- Wage Garnishment Guidelines

Answer : C

Comprehensive and Detailed Explanation:

A Journal (Option C) is the first place where business transactions are recorded in chronological order before posting to the General Ledger.

Option A (Balance Sheet) is incorrect because it is a financial statement, not a transaction log.

Option B (General Ledger) is incorrect because transactions must first be recorded in a journal before being posted.

Option D (Trial Balance) is incorrect because it is a summary of ledger balances used for reconciliation.

GAAP Accounting Principles -- Transaction Recording Process

Payroll.org -- Payroll Accounting Workflow