Benefits
When do deductibles reset?
On the calendar year (January 1 - December 31), NOT the plan year.
What is the minimum employee requirement for a company to use Justworks?
An unpaid owner and 1 employee
What time does payroll actually process and how often?
3pm EST every business day
What is the wage base for FUTA?
$7000
Where can an admin change an employee’s compensation?
Manage > Employees > EE Profile > Change Compensation
What are copays credited towards?
Out-of-Pocket-Maximum
What causes a company to have to verify penny test deposits?
Bank Account Reset
How many days do companies on the standard processing timeline have between the processing date and pay date?
4 business days
What is the wage base for SUI?
Varies by State
Which report can an admin use to confirm if an EE’s account is set up?
Onboarding Status Report
Which ancillary benefit terminates on the last day of work?
FSA
What tool do we use to get the net amount of a Manual payment we scheduled?
Company Forecast Tool
Why can we not cancel payroll if a company does not have funds pre-processing?
Justworks has to make a bona fide effort to pay employees.
What are the FICA taxes and who pays them?
Social Security & Medicare. Paid by ERs and EEs.
Where would an admin upload a copy an EE’s passport or license for I-9 verification?
They would not upload these documents into Justworks, but should keep external records.
True or False - if an employee elects the maximum annual contribution for DCFSA in December 2022, all funds are available immediately for use on 01/01/2023.
False
You are granting an Open Enrollment extension for an employee in CSTools. What do you select for ‘reason for creation’?
Life Event
Which pay type is used to reimburse employees for over-contributions to a ROTH 401(k)?
Misc. non-taxable payment
If an ER has an EE who hits their $200,000th dollar, what is the ER’s Medicare tax rate for that EE?
1.45%
An EE’s compensation is properly set up within their profile, but they are not showing up on the company’s upcoming payments. Name one of the two likely causes of this issue.
The EE’s does not have United States entered as the country in their home address.
They have an incorrect zip code.
What are 5 Factors that impact renewals rates that are reflective of Broader Health Insurance Industry?
Inflation, Overall Industry/Carrier Performance, Geography, Government Mandates, Prescription Drug Costs
When an admin is instructed to contact Justworks regarding a CA termination executed, where is the termination executed?
The employee’s member states
What three things are required to reconcile an overpayment?
(1) Debit authorization form voluntarily signed by the employee, (2) Screenshot of the employee's bank account, (3) The corrected payment has to be issued prior to the debit attempt.
What can we provide in place of a copy of a form such as 940/941?
A payroll report for the associated time and a PEO Letter.
Where can external contractor payments be recorded?
In the contractor’s profile under “Contractor Settings”