- (Topic 2)
Employers can take advantage of all of the following affordability safe harbors set forth in the ACA regulations EXCEPT:
Correct Answer:B
✑ ACA affordability safe harbors include (A), (C), and (D), but NOT Section 530 (B),
which relates to independent contractor classification. References:
✑ Affordable Care Act Compliance Guide
SIMULATION - (Topic 1)
Which of the following simulations would NOT be performed when testing a disaster recovery plan?
MISSING
Solution:
MISSING
Does this meet the goal?
Correct Answer:A
- (Topic 2)
Which of the following situations does NOT reflect constructive receipt of wages?
Correct Answer:C
✑ Constructive receiptmeans income isavailable to the employeeeven if not physically received.
✑ Option C is correctbecause when a paycheck is mailed, it isnot immediately
available, delaying constructive receipt. References:
✑ IRS Publication 15 (Employer??s Tax Guide)
✑ Payroll Tax Compliance Guide (Payroll.org)
- (Topic 2)
Which of the following considerations is NOT needed when implementing ashared services environment?
Correct Answer:C
✑ System needs (A), processes affected (B), and cost of implementation (D) are critical factors in designing a shared services model.
✑ Employee acceptance (C) is valuable but not a primary technical or financial
consideration. References:
✑ Payroll Process Improvement Guidelines (Payroll.org)
- (Topic 1)
Using the wage bracket method and the information below, calculate the employee's weekly net pay.
Correct Answer:D
Comprehensive and Detailed Explanation:
✑ Gross Pay Calculation:
✑ Taxable Wages:
✑ Federal Income Tax Withholding (Wage Bracket Method):
✑ Social Security & Medicare Taxes:
✑ Total Deductions:
✑ Net Pay:
Thus, the correct answer isD. $259.99. Reference:
IRS Publication 15-T – Wage Bracket Withholding Method Payroll.org – Payroll Tax Calculation Guidelines