Exam (elaborations)
CERTIFIED PAYROLL PROFESSIONAL QUESTIONS AND ANSWERS WITH SOLUTIONS 2024
- Course
- Institution
CERTIFIED PAYROLL PROFESSIONAL QUESTIONS AND ANSWERS WITH SOLUTIONS 2024
[Show more]
Content preview
CERTIFIED PAYROLL PROFESSIONALQUESTIONS AND ANSWERS WITH
SOLUTIONS 2024
FormHSS-8H-
HANSWERHDeterminationHofHworkerHstatusHforHpurposeHofHfederalHemploymentHtaxesHandHincomeHtaxHwit
hholding.HCanHbeHfilledHoutHbyHtheHbusinessHorHworker.
FormHW-4H-
HANSWERHEmployeesHwithholdingHallowanceHcertificate.HDocumentsHtheHamountHofHfederalHtaxHwithholdi
ng.
FormHSS-4H-HANSWERHApplicationHforHemployerHidentificationHnumber.
FormH8233H-
HANSWERHExemptionHfromHwithholdingHonHcompensationHforHindependentHpersonalHservicesHofHaHnonres
identHalienHindividual.HTheHpurposeHisHtoHclaimHanHexemptionHfromHtheHwithholdingHrequirements.
FormH1096H-
HANSWERHAnnualHsummaryHandHtransmittalHofHU.S.HinformationHreturns.HItHisHusedHtoHsummarizeHeachHty
peHofHinformationHreturn.HAHseparateH1096HisHtoHbeHfiledHwithHeachHgroupHofHreturns.HFormsH1097,1098,1
099.
FormH1042-TH-HANSWERHAnnualHsummaryHandHtransmittalHofHformsH1042-
S.HSummarizeHtheHincomeHandHtaxesHwithheldHamountsHfromHallHcorrespondingHforms.
FormH1042-SH-
HANSWERHForeignHperson'sHU.S.HsourceHincomeHsubjectHtoHwithholding.HToHreportHincomeHsubjectHtoHwith
holdingHforHforeignHpersonsHsuchHasHnonHresidentHaliens,HforeignHpartnerships,HforeignHcorporations,Hforei
gnHestatesHandHforeignHtrusts.HInterests,Hrents,HandHroyalties.HCertainHnaturalHresourceHgainsHandHcertainH
gainsHonHcertainHintellectualHproperty.
FormH1042H-
HANSWERHAnnualHwithholdingHtaxHreturnHforHU.S.HsourceHincomeHofHforeignHpersons.ToHreportHtheHamou
ntHofHincomeHtaxHwithholdingHonHcertainHincomeHpaidHtoHnonHresidentHaliens,HforeignHpartnerships,Hforeig
,nHcorporations,HforeignHestatesHandHforeignHtrusts.FormH1042HmustHbeHfiledHinHanyHofHtheHfollowingHcriter
iaHareHmet:HFormH1042HisHrequiredHtoHbeHfiledHorHGrossHinvestmentHincomeHisHpaidHtoHtaxableHforeignHpriv
ateHfoundationsHorHSpecifiedHfederalHprocurementHpaymentsHareHpaidHtoHanyHforeignHperson.
FormHSS-5H-
HANSWERHApplicationHforHaHSocialHSecurityHCard.HApplyHforHaHnewHcardHorHaHreplacementHcardHorHtoHmak
eHanHexistingHcard.
FormH1099-RH-HANSWERHDistributionsHFromHPensions,HAnnuitiesHRetirementHorHProfit-
SharingHPlans,HIRA'sHInsuranceHContractsH($10HorHmore)
FormH1099-MISCH-HANSWERHMiscellaneousHIncomeHisHtoHreportHtoHeachHrecipientHandHtheHIRS.H-
RoyaltiesHnoHlessHthanH$10H-
PaymentsH$600HorHmoreHforHRents,HServices,HPrizesHandHAwards,HOtherHincomeHpaymentsHandHAttorneys.
FormHW-9H-
HANSWERHRequestHforHTaxpayerHIdentificationHNumberHandHCertification.HTheHpurposeHisHforHtheHpayerHto
HobtainHtheHcorrectHidentificationHnumber.
FormHW-2CH-HANSWERHCorrectHerrorsHonHW-2's.HOnlyHupdateHincorrectHfields.
FormHW-3H-HANSWERHEssentiallyHtheH"CoverHSheet"HforHtheHtransmittalHofHFormsHW-
2.*250HorHmoreHforms,HyouHmustHfileHelectronicH(FormHW-3HisHnotHrequiredHforHelectronicHfiling)
FormHW-3CH-HANSWERHRequiredHwheneverHaHFormHW-2CH(CopyHA)HisHfiledHinHpaperHform.
Employee(CommonHLawHEmployee)H-
HANSWERHAnyoneHwhoHperformsHservicesHforHyouHisHyourHemployeeHifHyouHcanHcontrolHwhatHwillHbeHdone
HandHhowHitHcanHbeHdone
IndependentHContractorH-
HANSWERHTheHgeneralHruleHisHthatHanHindividualHisHanHindependentHcontractorHifHtheHpayerHhasHtheHrightH
toHcontrolHorHdirectHonlyHtheHresultHofHtheHworkHandHnotHwhatHwillHbeHdoneHandHhowHitHisHdone.
, TemporaryHAgency/LeasedHEmployeeH-
HANSWERHEmployeesHareHhiredHbyHtemporaryHhelpHservicesHandHsendHtheHworkersHtoHcompaniesHwhoHne
edHemployees.HAHleasedHemployeeHisHanHemployeeHwhoseHserviceHisHleasedHfromHaHcompanyHthatHspecial
izesHinHrecruitment.HAllHtempHagencyHemployeesHareHleasedHemployeesHbutHtheHconverseHisHnotHnecessari
lyHtrue.
WorkerHStatusH-
HANSWERHIndependentHContractor,HEmployeeH(CommonHLawHEmployee),HStatutoryHEmployee,HStatutoryH
Non-Employee
ObligationsHforHTemporaryHAgencyH/LeasedHEmployeeH-
HANSWERHPayroll.HBookkeeping,TaxHDeductions,HWorkersHCompHandHFringeHBenefits
CommonHLawHTestH-
HANSWERHTheHkeysHareHtoHlookHatHtheHentireHrelationship.HConsiderHtheHdegreeHorHextentHofHtheHrightHtoH
directHandHcontrol.DocumentHeachHofHtheHfactorsHusedHinHcomingHupHwithHdetermination.
ReasonableHBasisHTestH-
HANSWERHSafeHHarborHRulesHSecH530HRevenueHActHofH1978.HEmployeesHvs.HIndependentHContractorsHforH
taxHpurposes.
JudicialHPrecedentHSafeHHavenH-
HANSWERHTaxpayersHusingHpreviousHlegalHrulingsH(withinHreasonHforHemployeeHclassification)
PastHAuditHSafeHHavenH-
HANSWERHTaxpayerHrelyingHonHanHauditHbyHIRSHforHemploymentHtaxesHdue.H(EmployeeHclassification)
IndustryHPracticeHSafeHHavenH-HANSWERHRecognizedHindustryHpractices.H(EmployeeHclassification)
OtherHReasonableHBasesH-
HANSWERHNotHmeetingHotherHSafeHHavenHrules,HbutHstillHhavingHaHreasonableHbasisHtoHconsiderHaHworkerH
aHcontractor.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Performance. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
