Free APA FPC-Remote Practice Exam with Questions & Answers | Set: 5

Only the employer’s bank (C) can place a stop payment request.

Payroll providers (B) may facilitate, but do not issue bank stops.

References:

Payroll Banking & Direct Deposit Standards (Payroll.org)

Independent contractors DO NOT complete Form I-9, as they are not employees underIRCA (Immigration Reform and Control Act).

Employees receiveForm W-2and completeForm W-4.

Independent contractors completeForm W-9for tax reporting.

References:

IRS Independent Contractor Guidelines (Publication 1779)

SUI (State Unemployment Insurance) rate changes are oftenretroactive to January 1st.

Since the system was not updated until October, payroll mustrecalculate all affected quarters (1st, 2nd, and 3rd).

References:

SUI Tax Compliance Guide (Payroll.org)

IRS Publication 15 (Employer’s Tax Guide)