100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
CERTIFIED PAYROLL PROFESSIONAL (CPP) EXAM ACTUAL EXAM 2 VERSIONS (VERSION A AND B) COMPLETE 400 QUESTIONS WITH DETAILED VERIFIED ANSWERS(100% CORRECT ANSWERS)/ALREADY GRADED A+$17.99
Add to cart
CERTIFIED PAYROLL PROFESSIONAL (CPP) EXAM ACTUAL EXAM 2 VERSIONS (VERSION A AND B) COMPLETE 400 QUESTIONS WITH DETAILED VERIFIED ANSWERS(100% CORRECT ANSWERS)/ALREADY GRADED A+
5 views 0 purchase
Course
CPP - Certified Payroll Professional
Institution
CPP - Certified Payroll Professional
CERTIFIED PAYROLL PROFESSIONAL (CPP) EXAM
ACTUAL EXAM 2 VERSIONS (VERSION A AND B)
COMPLETE 400 QUESTIONS WITH DETAILED
VERIFIED ANSWERS(100% CORRECT
ANSWERS)/ALREADY GRADED A+
CERTIFIED PAYROLL PROFESSIONAL (CPP) EXAM
ACTUAL EXAM 2 VERSIONS (VERSION A AND B)
COMPLETE 400 QUESTIONS WITH DETAILED
VERIFIED ANSWERS(100% CORRECT
ANSWERS)/ALREADY GRADED A+
2019 Medicare Rate - ANSWER1.45% (employee & employer)
Additional 0.9% (EE only) for earnings over $200,000
2019 IRS Mileage Rate - ANSWER$0.58/mile (58 cents per mile)
2019 Federal Minimum Wage - ANSWER$7.25 per hour
2019 Opportunity Wage - ANSWER$4.25 per hour (for EEs under 20, 1st 90 days)
2019 Transporation/Vanpool/Parking Exclusion - ANSWER$265 per month
,2019 Social Security Rate - ANSWER6.2% (Employee & Employer)
2019 Social Security Wage Limit - ANSWER$132,900
2019 Supplemental Withholding Rate < $1 million - ANSWER22%
2019 Supplemental Withholding Rate > $1 million - ANSWER37%
2019 Tip Wage/Credit - ANSWER$2.13 per hour (credit: $5.12 per hour)
2019 Tip Allocation Rate - ANSWER8% of gross receipts
2019 401(k) Maximum Contribution - ANSWER$19,000
2019 401(k) Catch-up Contribution (> age 50) - ANSWER$6,000
What are the 6 employer obligations according to IRC? - ANSWERWithhold income tax
Withhold social security tax
Withhold Medicare tax
Pay employer's share of social security tax
Pay employer's share of Medicare
Pay federal unemployment taxes (FUTA)
What is the key to the "Common Law Test" in determining employee vs. independent
contractor? - ANSWERThe Right to Control
- Behavior Controls
- Financial Controls
- Type of Relationship
Statutory Employees fall into four categories. What are these categories? - ANSWERD -
Drivers
I - Insurance Salespersons
S - Salesperson
H - Homeworkers
What are the two categories of Statutory Nonemployees? - ANSWER(REDS)
Real Estate Agents
Direct Sellers
What form does a Statutory Employee receive at year-end? What form does a Statutory
Nonemployee receive at year-end? - ANSWERStatutory Employee - W-2
Statutory Nonemployee - 1099
What does the FLSA regulate? - ANSWERC - Child Labor
R - Recordkeeping
E - Equal Pay for Equal Work
, W - Wages (minimum wage & overtime pay)
What are the IRS penalties for unintentionally inaccurately classifying an employee as
an independent contractor? - ANSWER1.5% of wages if no FIT was withheld (3% if a
1099 was not filed)
20% of employee's share if SS or Medicare was not filed (40% if 1099 was not filed -
employer share must also be paid)
What is the penalty if an employee is intentionally classified as an independent
contractor? - ANSWERFull amount of FIT and 100% of employee & employer shares of
SS and Medicare
What is the retention requirement of a Form I-9? - ANSWER3 years from date of hire or
1 year from date of termination, whichever is longer
What information is proved in each of the document lists for the Form I-9? -
ANSWERList A - Identity and work authorization
List B - Identity
List C - Work authorization
If a state's wage-hour laws are different from the FLSA, with which laws must the
employer comply? - ANSWERWith the law that is more/most favorable to the
employee?
What are the two types of coverage under the FLSA? - ANSWEREnterprise - at least
two employees involved in interstate commerce & business has annual gross sales of at
least $500,000
Individual - engaged in interstate commerce
What businesses are specifically INCLUDED in FLSA? - ANSWERHospitals
Nursing Homes
Elementary, Secondary, & Post-Secondary Schools (Public and Private)
Public Entities (government agencies)
What categories of employees are included in the White Collar Exemption? -
ANSWERC - Computer-related professional ($27.63/hour & duties)
A - Administrative ($455/week & duties)
P - Professional ($455/week & duties)
E - Executive ($455/week & duties)
S - Sales, outside (duties, but no salary requirement)
What is the minimum annual compensation for a highly compensated employee under
FLSA? - ANSWER$100,000
What federal agency enforces labor laws? - ANSWERDepartment of Labor (DOL)
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 Americannursingaassociation. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
