CPP-REMOTE Online Practice Questions and Answers

For an employee earning $10.20 per hour and participating in a 401(k) plan with a deferral per pay period of $50, compute the federal taxable wages based on the following: Biweekly pay period Regular 80 hours 4 hours overtime 3 hours double-time:

A. $731.40

B. $938.40

C. $898.60

D. $888.40

FLSA coverage does not apply under which of the following conditions?

A. Employees are minors under the age of 18

B. Employees are paid $2.13 per hour

C. Employer and employees are not engaged in interstate commerce

D. All employees are part time workers

For how many years must the employer's copy of Form 940 be retained?

A. 2

B. 5

C. 3

D. 4

Which of the following employees is most likely to be an exempt professional under FLSA?

A. Labor Relations Director

B. Accounts payable clerk

C. Payroll specialist

D. Human resources receptionist

In the first monthly accounting period of a company's fiscal year, which of the following occurs?

A. Underpaid debts are "forgiven"

B. Asset and liability accounts reflect prior year ending balance

C. All liability accounts are reset to zero balances D. Asset account balances are reclassified

What is the total amount that must be reported in box 14?

A. $4,980

B. $ 0

C. $10,480

D. $23,582

The proper handling of a stop payment includes all of the following steps EXCEPT:

A. notifying the bank account reconciliation employees

B. documenting the reason for the transaction

C. reversing the direct deposit

D. cancelling the payment in the payroll system

How should a manager provide negative feedback to an employee?

A. Through an email-message

B. In the privacy of an office or conference room

C. On a voice-mail

D. At a department meeting

The primary responsibility of Professional Employer Organizations is:

A. Determining the client's products and services

B. Establishing their client's FEIN

C. Leasing the buildings and fixtures

D. Co-employment of their client's employees

Which for the following statements is true?

A. A company's fiscal year must not be the same as the calendar year

B. A company's fiscal year must be the same as the calendar year

C. A company may designate its fiscal year to cover 12 months that differ from the calendar year

D. A company must produce Forms W-2 at the end of its fiscal year regardless of the calendar