FPC-Remote Exam Dumps - Fundamental Payroll Certification

Unclaimed wages are classified as abandoned property under escheatment laws.

Employers mustremit unclaimed wages to the state after a certain period.

Voiding (A) and writing off (B) apply only when payroll errors occur.

References:

Unclaimed Property Laws (State Escheatment Regulations)

Payroll Compliance Guide (Payroll.org)

Health Insurance (Biweekly) = ($1,500 ÷ 26) = $57.69

Life Insurance (Biweekly) = ($15 × 12 ÷ 26) = $6.92

Dental Insurance = $5.00

Total Biweekly Deduction = $57.69 + $6.92 + $5.00 = $69.61

References:

IRS Section 125 Cafeteria Plan Rules

Proper documentationensures uniformityin payroll and HR operations bystandardizing processes.

Conformity (C)refers to compliance but does not guarantee process standardization.

Responsibility (A) and adaptability (B)are important but not the primary reason for documentation.

References:

Payroll Process Standardization Guide (Payroll.org)