CCP Practice Exam 5

A job description serves the purpose of outlining the main responsibilities and tasks that an employee is expected to perform in a specific role. It provides a clear understanding of the duties and expectations associated with the job, helping both the employer and the employee to align their expectations and ensure that the job is performed effectively. It helps in recruitment and selection processes by providing a basis for evaluating candidates' qualifications and suitability for the role. Additionally, it serves as a reference document for performance evaluations and can be used to establish performance standards and goals.

Interface is the correct answer because it refers to the process of passing data between systems. An interface acts as a bridge or connection that allows different systems or components to communicate and exchange information. It provides a standardized way for systems to interact and share data, ensuring compatibility and seamless integration between them.

The payment for the cleaning service provided by Antoine's friend is considered non-employee compensation paid to an independent contractor. This is because Antoine's friend is not an employee of Antoine's shop, but rather a separate business owner providing a service. By paying with a check, it indicates that Antoine is treating the payment as a business expense to an independent contractor, rather than wages to an employee.

Scalability refers to the ability of a computer environment to accommodate changes in size or capacity without significantly affecting its performance. This means that the system can easily handle upgrades, expansions, or reductions in its resources, such as adding more storage or processing power, without causing any major disruptions or slowdowns in its operations.

An external audit refers to the audit of the payroll department conducted by a public accounting firm. This type of audit is performed by an independent third party outside of the organization to provide an objective and unbiased assessment of the department's financial records, processes, and compliance with relevant laws and regulations. The purpose of an external audit is to provide assurance to stakeholders, such as investors, creditors, and regulators, that the financial information presented by the payroll department is accurate and reliable.

The payment for the cleaning services provided by Antoine's friend is considered non-employee compensation paid to an independent contractor. This is because Antoine's friend is not an employee of Antoine's shop but rather operates his own cleaning service and charges Antoine by the hour for his services. As an independent contractor, Antoine's friend is responsible for his own taxes and benefits, and Antoine does not withhold taxes or provide benefits typically given to employees.

Manager self-service refers to a technology that enables managers to approve or modify data in the records that fall under their responsibility. This technology empowers managers to have direct control over the data and make necessary changes without relying on IT or other departments. It streamlines the process and allows managers to efficiently manage and update the records they are accountable for.

The correct answer is to file a Form W-2c with the SSA. This is because the employer needs to correct the Social Security number that was reported incorrectly on the employee's 2008 Form W-2. The Form W-2c is used to correct errors on previously filed Forms W-2 and must be filed with the SSA to ensure accurate reporting of the employee's Social Security information.

The correct answer is "Global may mandate that all wages be direct deposited to the accounts of a specific bank." This statement is NOT true because under federal law, employers are generally required to offer their employees the option to choose the bank where they want their wages to be deposited. Employers cannot mandate that wages be deposited to a specific bank.

A system edit is a feature in a system that checks for specific conditions or criteria and generates a warning or error message if those conditions are met. In this case, the warning report displays information about employee checks if the net pay exceeds a predefined reasonable amount, indicating that it is an example of a system edit.

Virus protection contributes to the security of the payroll system by preventing and detecting any potential malware or viruses that could compromise the system's integrity and confidentiality. It helps to safeguard sensitive employee information, financial data, and ensures that payroll processes are not interrupted or manipulated by malicious software. By regularly updating and scanning the system for viruses, organizations can reduce the risk of unauthorized access, data breaches, and financial loss.

Building a current cost model prior to evaluating software is advantageous because it allows for the establishment of a baseline against which the cost of alternatives being considered can be compared. This helps in making informed decisions by comparing the costs of different software options and determining which one offers the best value for money. It also helps in budgeting and financial planning by providing a clear understanding of the costs involved in implementing and maintaining the software.

According to the Fair Labor Standards Act (FLSA), the employer must pay the employee minimum wage for all hours worked. Since the question states that the security guard worked the regular evening shift on Christmas Day, there is no mention of any additional factors such as overtime or holiday pay. Therefore, the correct answer is minimum wage.

Former spouses of employees would most likely not be considered customers of the payroll department because they are no longer associated with the company and do not have any financial transactions or employment-related needs that would require them to interact with the payroll department. The payroll department is responsible for managing the payment of current employees, ensuring accurate calculation of salaries, and handling any payroll-related inquiries or issues. Former spouses of employees would not fall into any of these categories and therefore would not be considered customers of the payroll department.

Batches being assigned numbers according to payroll cycles is an example of a system production control technique. This technique helps to organize and track the production process by assigning specific numbers to batches of work that are completed during specific payroll cycles. This allows for better control and monitoring of the production process, ensuring that tasks are completed efficiently and accurately within designated timeframes.

Under the statutory recordkeeping requirements of the IRS, the employer should retain an undeliverable Form W-2 for 4 years. This is important for maintaining accurate tax records and ensuring compliance with IRS regulations. By retaining the undeliverable Form W-2 for 4 years, the employer can provide it to the employee or the IRS if needed for any tax-related purposes.

A salary advance is subject to federal income tax withholding because it is considered a form of income. When an employee receives a salary advance, it is essentially an early payment of their wages. Therefore, it is treated as taxable income and is subject to federal income tax withholding.

An autocratic leader is someone who exercises complete control and authority over their subordinates, making decisions without seeking input or involvement from others. They tend to have little interaction with their subordinates and often rely on their own judgment and expertise. This leadership style can be effective in certain situations where quick and decisive action is necessary, but it can also lead to low employee morale and limited creativity and innovation within the team.

Errors in the reporting of FICA wages are reported to the IRS on Form 941-X. This form is used to correct errors on previously filed Form 941, which is the Employer's Quarterly Federal Tax Return. Form 941-X allows employers to amend their previous filings and report any errors or discrepancies in the reporting of FICA wages.

The deposit for the total federal tax would be due on Wednesday, October 20. This is because the question mentions that wages are paid on Friday, October 15, and the lookback period for payroll tax liabilities is not specified. Therefore, we can assume that the lookback period is a week. The deposit for federal tax is typically due within three banking days after the pay date, which in this case falls on Wednesday, October 20.

The maximum civil penalty for failure to file Form W-2 electronically when required to do so is $50 per statement, with a maximum penalty of $250,000. This means that for each Form W-2 that is not filed electronically, a penalty of $50 can be imposed, but the total penalty cannot exceed $250,000.

The employee normally earns $10 per hour, so for 48 hours of work, the base pay would be 48 * $10 = $480. The employee also receives a $50 production bonus, so the total gross wages would be $480 + $50 = $530. However, the FLSA requires that overtime be paid for any hours worked over 40 in a workweek. In this case, the employee worked 48 hours, so 8 of those hours are considered overtime. Overtime pay is calculated at 1.5 times the regular rate, so the overtime pay would be 8 * $10 * 1.5 = $120. Adding the overtime pay to the base pay and bonus, the total gross wages would be $530 + $120 = $650. However, the FLSA also requires that the bonus be included in the calculation of overtime pay. Since the bonus is $50, the overtime pay is recalculated as 8 * ($10 + $50) * 1.5 = $480. Adding the recalculated overtime pay to the base pay and bonus, the total gross wages would be $530 + $480 = $1010. Finally, the FLSA allows for a credit against overtime pay for the bonus, so the final gross wages would be $1010 - $50 = $960. However, the question asks for the gross wages under the FLSA, so the correct answer is $960.

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A negative balance in the union dues deduction account indicates that the amount deducted from employees' paychecks for union dues is greater than the amount that has been remitted or paid to the union. This means that the deductions made from employees' salaries have exceeded the amounts that have been sent to the union, resulting in a negative balance.

The correct answer is "Payroll manager meets with operations departments to discuss year-end procedures." This is an example of a system production control technique because it involves coordination and communication between different departments to ensure smooth operations and adherence to procedures during the year-end payroll process. By meeting with the operations departments, the payroll manager can discuss any potential issues or changes that need to be implemented to ensure accurate and timely payroll production. This technique helps to maintain control over the payroll system and ensure that it operates efficiently.