CPP Exam Practice
Practice exams for CPP
- 1.
How long does IRS require form W-4 to be retained?
- A.
3 years
- B.
4years
- C.
1 year
- D.
2 years
Correct Answer
B. 4yearsExplanation
IRS requires all paperwork to be retained for 4 yearsRate this question:
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- 2.
When receiving a Tax Levy, Child Support or Garnishment how soon should the employee be notified
- A.
Next Day
- B.
Same Day
- C.
On the Payday
- D.
Not necessary the employee already received a notice from the courts
Correct Answer
B. Same Day -
- 3.
What is the 2009 Social Security Wage Limit?
- A.
104,800
- B.
106,800
- C.
100,000
- D.
No wage limit
- E.
None of the above
Correct Answer
B. 106,800 -
- 4.
Before releasing an Employment Verification letter to an employee you must first
- A.
Obtain the employee's supervisor approval
- B.
Have a written request from the employee
- C.
Have the letter verified by the Payroll Administrator or Dir of Payroll Administration
- D.
Obtain the HR Manager's approval
Correct Answer
C. Have the letter verified by the Payroll Administrator or Dir of Payroll Administration -
- 5.
When requesting that Shared Service place a Stop Payment on an employees check who must be copied on the email?
- A.
The employee
- B.
HR Manager
- C.
Payroll Administrator and Dir of Payroll Administration
- D.
Employee and HR Manager
- E.
Shared Services Payroll Coordinator
Correct Answer
C. Payroll Administrator and Dir of Payroll Administration -
- 6.
When reviewing the Overtime, Temp or Regular time submitted, you should audit for all EXCEPT
- A.
Employee and Supervisor has signed and dated in blue or black ink
- B.
Hours match the hours submitted in AdClock
- C.
The week ending has not been paid previously
- D.
Paycheck
- E.
Department Code is correct
Correct Answer
D. Paycheck -
- 7.
When given a deadline for a project, if you are unable to meet the deadline you should
- A.
Do nothing, your manager will know that you cannot meet the project
- B.
Wait until 5 minutes before the deadline to advise your manager that you cannot complete the project.
- C.
Advise your co-worker that expectations are unrealisticl and complete the project when you are able to using the best of your ability
- D.
Advise your supervisor well in advance of the deadline that you may have trouble meeting the deadline
Correct Answer
D. Advise your supervisor well in advance of the deadline that you may have trouble meeting the deadline -
- 8.
After updating an employees record in PeopleSoft the Payroll Clerk/Coordinator is required to
- A.
Sign and Date the Par or EPC form immediately
- B.
Advise Payroll
- C.
Advise the HR Administrator
- D.
Nothing
Correct Answer
A. Sign and Date the Par or EPC form immediately -
- 9.
An I-9 must be submitted by what date
- A.
Orientation day
- B.
Within 3 days of Orientation
- C.
Within 3 days of hire
- D.
Within 5 day of hire
Correct Answer
C. Within 3 days of hire -
- 10.
When submitting Transmittals to payroll who should be copied on the email?
- A.
No one, the information should be kept Confidential
- B.
Employees on the the transmittal only
- C.
HR Administrator and Dir of Payroll Administration
- D.
HR Manager
Correct Answer
C. HR Administrator and Dir of Payroll Administration -
- 11.
A Payroll Professional should check their voicemails
- A.
Infrequently
- B.
Once a day
- C.
Frequently
- D.
At the beginning and end of the day
Correct Answer
C. Frequently -
- 12.
When mailing out checks what item or items should not automatically be included on the envelope?
- A.
Name of the Sender
- B.
Name and address as listed in payroll
- C.
Name and verified current home or forwarding address
- D.
Return address
Correct Answer
B. Name and address as listed in payroll -
- 13.
Social Security and Medicare taxes are also known as:
- A.
FIT
- B.
SIT
- C.
SUTA
- D.
FICA
- E.
FUTA
Correct Answer
D. FICA -
- 14.
In 2012, the percent assigned to employers for the Federal Unemployment rate is:
- A.
6.2%
- B.
4.2%
- C.
.8%
- D.
.62%
- E.
.6%
Correct Answer
E. .6%Explanation
The Federal Unemployment rate was reduced from .8% to .6%.Rate this question:
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- 15.
The employee Federal withholding taxes must be matched by the employer.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
Employees are responsible for Federal Income Tax, Social Security, and Medicare. Employers are responsible for Social Security, Medicare, and Federal Unemployment tax.Rate this question:
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- 16.
The employee Federal withholding certificate is called a
- A.
W-2
- B.
W-3
- C.
W-4
- D.
1099
- E.
I-9
Correct Answer
C. W-4 -
- 17.
The employee and employer Medicare withholding is the same rate of 1.45%.
- A.
True
- B.
False
Correct Answer
A. True -
- 18.
A bi-weekly paid employee is paid a total of _________ paychecks per year.
- A.
12
- B.
18
- C.
24
- D.
26
- E.
28
Correct Answer
D. 26 -
- 19.
The employee and employer Social Security withholding is the same rate of 6.2%.
- A.
True
- B.
False
Correct Answer
B. False -
- 20.
Independant contractors are generally able to use the equipment of the person/company they are working for as long as they pay for any damages to the equipment.
- A.
True
- B.
False
Correct Answer
B. False -
- 21.
Independant contractors are defined by all of the following statements EXCEPT:
- A.
Are required to file an annual return
- B.
Perform services that can be controlled by an employer
- C.
Provides services to other businesses
- D.
Subject to Self-Employment Tax
Correct Answer
B. Perform services that can be controlled by an employer -
- 22.
Which of the following forms must be completed on an ANNUAL basis:
- A.
940
- B.
941
- C.
W-4
- D.
IT-501
- E.
SS-4
Correct Answer
A. 940 -
- 23.
Every employee must be given a W-2 and W-3 January 31st of every year
- A.
True
- B.
False
Correct Answer
B. False -
- 24.
The acronym SSA stands for:
- A.
State Security Agency
- B.
Social Segment Agency
- C.
Social Security Administration
- D.
Social Security Agency
- E.
State Security Administration
Correct Answer
C. Social Security Administration -
- 25.
The amount withheld from an employee's paycheck for Federal Income tax is determined by the form:
- A.
W-2
- B.
W-3
- C.
W-4
- D.
W-5
- E.
I-9
Correct Answer
C. W-4 -
- 26.
Every state has their own unemployment tax.
- A.
True
- B.
False
Correct Answer
A. True -
- 27.
The amount of an employee's paycheck after taxes and deductions is called the _________ pay.
- A.
Gross
- B.
Post-tax
- C.
Statutory
- D.
Net
- E.
Final
Correct Answer
D. Net -
- 28.
New employers are assigned a Federal withholding payment due date of the _______ of each month.
- A.
1st
- B.
10th
- C.
15th
- D.
30th
- E.
Last day
Correct Answer
C. 15th -
- 29.
Which of the following sequences of months are considered the second quarter of a payroll year?
- A.
December, January, February
- B.
January, February, March
- C.
March, April, May
- D.
April, May, June
- E.
June, July, August
Correct Answer
D. April, May, June -
- 30.
Salary exempt employees are paid overtime for any hours worked over 40 in a work week.
- A.
True
- B.
False
Correct Answer
B. False -
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-
Current Version
-
Sep 27, 2013Quiz Edited by
ProProfs Editorial Team -
Sep 26, 2013Quiz Created by
V_allen
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