Complete FPC-Remote APA Materials

Comprehensive and Detailed Explanation:In accounting, anormal balancerefers to theside (debit or credit) that increases the account balance.

Assets (Option A) normally have a debit balancebecause they representresources owned by the company(cash, accounts receivable, equipment, etc.).

Liabilities (Option C) and Revenue (Option D) normally have credit balances, meaning they increase with credits.

Capital (Option B) also has a normal credit balance, as it representsowner’s equity.

Comprehensive and Detailed Explanation:Acredit balancemeans an accountnormally holds a liability or revenue amount.

Accounts Payable (Option A)representsamounts owedto vendors, which is aliability accountandnormally has a credit balance.

Option B (Cash)is incorrect because cash is anasset accountandtypically has a debit balance.

Option C (Office Equipment)is incorrect because it is afixed assetand alsohas a debit balance.

Option D (Prepaid Expenses)is incorrect because prepaid expenses areassetsthat aredebited when paid.

Comprehensive and Detailed Explanation:Reliabilityrefers to a company’sability to provide accurate and timely service. In payroll,failing to create an ACH file results in missed payments, affecting employees andviolating reliability standards.

Option A (Empathy)is incorrect because it relates tounderstanding and addressing employee concerns, not payroll processing.

Option C (Responsiveness)is incorrect because itdeals with reaction speedrather than payroll execution.

Option D (Tangibles)is incorrect because it refers tophysical aspects of service (documents, appearance, etc.).

Comprehensive and Detailed Explanation:Using theIRS Percentage MethodforMarried Filing Jointly (2019 W-4):

Calculate taxable wages:

Gross pay:$2,500.00

Less pre-tax deductions:-$425.00

Taxable wages:$2,075.00

Federal Income Tax (from IRS tax tables):

Using2019 IRS Percentage MethodforMarried, Semimonthly Pay:

First $1,640.00 taxed at 10% = $164.00

Remaining $435.00 taxed at 12% = $52.20

Total FIT = $216.20

Social Security Tax (6.2%):

$2,500.00 × 6.2% = $155.00

Medicare Tax (1.45%):

$2,500.00 × 1.45% = $36.25

Other deductions:

Child Support:$100.00

Total Taxes and Deductions:

216.20+155.00+36.25+100.00=507.45216.20 + 155.00 + 36.25 + 100.00 = 507.45216.20+155.00+36.25+100.00=507.45

Net Pay Calculation:

2,500.00−507.45=1,730.362,500.00 - 507.45 = 1,730.362,500.00−507.45=1,730.36

Thus, the correct answer isB. $1,730.36.