Certified Payroll Professional Test Compilation Bundle

Which of the following features is LEAST likely to be considered when looking at the security of a new payroll system? a. regular data back-up and storage b. protection against computer viruses c. limited system access d. system edits correct answers d. system edits Company deadlines for p...

What is better Formula Pricing or Market Pricing? correct answers Market Pricing When pricing, it is best to stay off of what type of numbers? correct answers Round numbers Your Projected Income is $500, your Promotion Costs $50, your Production costs $200 and your Class Fee is $50. What...

From what taxes are cafeteria plan contributions generally exempt? A. SS, Medi, FIT, and FUTA B. FIT and SIT C. SS, Medi, FUTA, and SUI D. SS, Medi, FIT, and SIT correct answers A. Social Security, Medicare, FIT, and FUTA Reference 4.5 Cafeteria Plans In which boxes on the W-2 would...

CPP correct answers Certified Payroll Professional FPC correct answers Fundamental Payroll Certification 5. From what taxes are cafeteria plan contributions generally exempt? A. Social Security, Medicare, FIT, and FUTA B. FIT and SIT C. Social Security, Medicare, FUTA, and SUI D....

Social Security Wage Base correct answers $147,000 Social Security Tax Rate correct answers 6.2% Medicare Wage Base correct answers None Medicare Tax Rate correct answers 1.45% 401k, 457, 408, Max Contribution correct answers $20,500/$6,500 (catch up if over 50+) Per Di...

T/F: The responsibility for determining the employment status of an individual who performs services rests with the employer. correct answers True T/F: An accountant who provides bookkeeping and payroll services to several local businesses and works at her own office is an independent contract...

2022 Adoption Assistance Amount $14,890; not FIT, but all other; code T (tots) 2022 Commuting Valuation Amount $1.50/way; $3.00/round-trip Notes: 1.) Vehicle is owned/leased by ER and provided for use in connection with the business 2.) Requires employee to commute 3) Written policy prohibiti...

Under the Internal Revenue Code (IRC), an employer has the following obligations for employees: correct answers Withholding income tax Withholding social security tax Withholding Medicare tax Paying employer's share of social security tax Paying employer's share of Medicare tax Paying fede...

Semiweekly depositor - Pay days on: Saturday, Sunday, Monday, and Tuesday correct answers Deposit Due The next Friday Semiweekly depositor - Pay days on: Wednesday, Thursday, and Friday correct answers Deposit Due The next Wednesday Monthly depositors correct answers Employers wit...

Application for Employer ID Number correct answers SS-4 Application for a SS Card correct answers SS-5 Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding correct answers SS-8 Wage and Tax Statement correct answers W-2 Corrected ...

Form SS-8 correct answers Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding Form W-9 correct answers First, it is used by third parties to collect identifying information to help file information returns with the IRS. The form is never act...