Certified Payroll Professional exam 2024/2025 with 100% correct answers
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Certified Payroll Professional bn
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Certified Payroll Professional Bn
Form SS-8 correct answersDetermination of worker status for purpose of federal employment taxes and income tax withholding. Can be filled out by the business or worker.
Form W-4 correct answersEmployees withholding allowance certificate. Documents the amount of federal tax withholding.
Form S...
Form SS-8 correct answersDetermination of worker status for purpose of federal employment taxes and
income tax withholding. Can be filled out by the business or worker.
Form W-4 correct answersEmployees withholding allowance certificate. Documents the amount of
federal tax withholding.
Form SS-4 correct answersApplication for employer identification number.
Form 8233 correct answersExemption from withholding on compensation for independent personal
services of a nonresident alien individual. The purpose is to claim an exemption from the withholding
requirements.
Form 1096 correct answersAnnual summary and transmittal of U.S. information returns. It is used to
summarize each type of information return. A separate 1096 is to be filed with each group of returns.
Forms 1097,1098,1099.
Form 1042-T correct answersAnnual summary and transmittal of forms 1042-S. Summarize the income
and taxes withheld amounts from all corresponding forms.
Form 1042-S correct answersForeign person's U.S. source income subject to withholding. To report
income subject to withholding for foreign persons such as non resident aliens, foreign partnerships,
foreign corporations, foreign estates and foreign trusts. Interests, rents, and royalties. Certain natural
resource gains and certain gains on certain intellectual property.
Form 1042 correct answersAnnual withholding tax return for U.S. source income of foreign persons.To
report the amount of income tax withholding on certain income paid to non resident aliens, foreign
partnerships, foreign corporations, foreign estates and foreign trusts.Form 1042 must be filed in any of
the following criteria are met: Form 1042 is required to be filed or Gross investment income is paid to
taxable foreign private foundations or Specified federal procurement payments are paid to any foreign
person.
, Form SS-5 correct answersApplication for a Social Security Card. Apply for a new card or a replacement
card or to make an existing card.
Form 1099-R correct answersDistributions From Pensions, Annuities Retirement or Profit-Sharing Plans,
IRA's Insurance Contracts ($10 or more)
Form 1099-MISC correct answersMiscellaneous Income is to report to each recipient and the IRS. -
Royalties no less than $10 -Payments $600 or more for Rents, Services, Prizes and Awards, Other income
payments and Attorneys.
Form W-9 correct answersRequest for Taxpayer Identification Number and Certification. The purpose is
for the payer to obtain the correct identification number.
Form W-2C correct answersCorrect errors on W-2's. Only update incorrect fields.
Form W-3 correct answersEssentially the "Cover Sheet" for the transmittal of Forms W-2.*250 or more
forms, you must file electronic (Form W-3 is not required for electronic filing)
Form W-3C correct answersRequired whenever a Form W-2C (Copy A) is filed in paper form.
Employee(Common Law Employee) correct answersAnyone who performs services for you is your
employee if you can control what will be done and how it can be done
Independent Contractor correct answersThe general rule is that an individual is an independent
contractor if the payer has the right to control or direct only the result of the work and not what will be
done and how it is done.
Temporary Agency/Leased Employee correct answersEmployees are hired by temporary help services
and send the workers to companies who need employees. A leased employee is an employee whose
service is leased from a company that specializes in recruitment. All temp agency employees are leased
employees but the converse is not necessarily true.
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