CPP-REMOTE Online Practice Questions and Answers

The employer must withhold FICA and federal income taxes, and pay FUTA tax, when the employee's tips exceed what amount?

A. $50 per month

B. $50 per year

C. $20 per month

D. $20 per year

Which of the following is a reasonable approach when discussing an employee's poor performance?

A. Assign additional responsibilities

B. Provide examples of the performance issues

C. Delegate the discussion to one of the employee's peers

D. Raise the issues during the next departmental meeting

Which of the following is not delegated to others?

A. Ability

B. Accountability

C. Authority

D. Responsibility

What is one of the major considerations when evaluating and selecting a software system for payroll?

A. The sale's representative's knowledge of payroll

B. The arrangement of the panels for on-line data entry

C. The number of trainers the software has available

D. The fit of the technical platform with the company's strategic plans

Federal unemployment tax must be accrued for which of the following?

A. Taxable group-term life

B. Wages paid to federal employees

C. Deceased worker's final wage payment in year of death

D. Tip income under $20 per month

For IRS purposes, the payroll register should be retained for a period of not less than how many years?

A. 11

B. 2

C. 4

D. 3

All of the following factors are advantages of having an in-house developed system EXCEPT:

A. scheduling flexibility

B. user groups

C. control of the system

D. security

For 2009, the mandatory rate of federal income tax withholding on supplemental wages in excess of $1 million is:

A. 25%

B. 35%

C. 20%

D. 28%

An employee of a state law enforcement agency worked 45 hours in the workweek. Under FLSA, how much compensatory time off must this employee receive in lieu of overtime pay?

A. 10.0 hours

B. 5.5 hours

C. 2.5 hours

D. 7.5 hours

Which of the following best represents compliance under Section 404 of Sarbanes Oxley?

A. Payroll transactions are reviewed by internal audit

B. Service provider initiates all pay transactions

C. Accruals entries are made by the payroll staff

D. Benefits enrollment data is maintained by authorized personnel