CPP CERTIFIED PAYROLL PROFESSIONAL
EXAM NEWEST ACTUAL EXAM WITH
COMPLETE QUESTIONS AND DETAILED
ANSWERS GRADED A | BRAND NEW!!!
What amount would be included in the employee's income
when the employer chooses to pay the taxes on a bonus of
$800.00 and to use the supplemental optional flat rate for
calculating the federal income tax? The employee's year-to-
date earnings are $17,500.00 and the employee is not subject
to any state income tax.
a. $562.80
b. $1,000.00
c. $1,137.17
d. $1,187.82 - ✔✔✔ Correct Answer > c
Documents relating to federal income, social security and
federal unemployment taxes must be retained for
a minimum of:
a. 2 years
b. 3 years
,c. 4 years
d. 5 years - ✔✔✔ Correct Answer > c
Which form must be completed in addition to Form 941, when
the employer is a semiweekly depositor?
a. Schedule B
b. Schedule D
c. Form 943
d. Form 945 - ✔✔✔ Correct Answer > a
In what document are financial transactions first posted?
a. Chart of Accounts
b. General Ledger
c. Journal
d. Balance Sheet - ✔✔✔ Correct Answer > c
What is the program that allows for the exchange of
information between two computer systems?
a. Integration
b. Interface
c. On-line
,d. Time sharing - ✔✔✔ Correct Answer > b
Which of the following procedures is the best internal control
procedure?
a. Cancelled checks are reviewed by payroll department, then
passed on to the internal audit department
b. The check signer is stored by the payroll department for
safekeeping
c. Payroll checks are signed and sealed by the cash
management department
d. The payroll department operates the check signer and mails
all payroll checks - ✔✔✔ Correct Answer > c
The company pays employees who work on holidays at a
double-time rate. A salaried nonexempt employee
earning $48,000.00 per year who normally works a 40-hour
workweek works 7 hours on a holiday. What is
the additional pay due the employee?
a. $161.54
b. $242.31
c. $323.12
d. $369.28 - ✔✔✔ Correct Answer > c
, Employers must provide Form W-2 to employees no later than:
a. December 31
b. January 31
c. February 28
d. March 31 - ✔✔✔ Correct Answer > b
What does a totalization agreement allow an employee to do?
The Payroll Source Section 14.2-4
Certification Examination Content Outline Section IIF
a. Pay social security tax in only one country
b. Pay social security taxes in two countries
c. Pay income tax in two countries
d. Pay income tax in only one country - ✔✔✔ Correct Answer >
a
Under which of the following situations may all health
insurance premiums paid be excluded from the
employee's income?
a. When the employee pays the premium directly to the
insurance company
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