This is a practice quiz to help you prepare for the Certified Payroll Professional certification. The quiz is based on a bank of 25 multiple choice questions that reveal the correct answer before you move on to the next question. The questions and their associated answers are randomized every time you take the quiz to avoid pattern development. Questions requiring calculations that change from year to year have been omitted. Good luck as you pursue this goal. I hope this helps you prepare. Inspired by my lovely wife as she pursued this goal as well.
W-2
W-4
1099-R
1099-MISC
Ad-hoc report
Integrated report
Batch system report
Edit report
Authorization for payment
Confirmation of total hours
Hours cannot be challenged
Time spent at the establishment
$731.40
$888.40
$898.60
$938.40
It does not have to be honored if any other garnishments have been served.
It requires a new order for each pay period.
It is limited only by the amount of the employee's net pay
It is continued each pay period until a release of levy is received.
A flat rate of 10% for late deposits.
5% of the undeposited amount with a maximum of $100,000
15% of the undeposited amount with a maximum of $100,000
A four-tiered penalty structure based on the number of days the deposit is late
Reimbursements are made with regular payroll
Expenses are substantiated and excess advances are returned
Expenses are business-related, substantiated, and excess advances are retained for future travel.
Expenses are business-related, substantiated, and excess advances are returned timely.
Any 7 consecutive 24-hour periods
Sunday through Saturday
A minimum of a 40-hour/5-day time frame
Stated in a collective bargaining agreement
Each pay period
Monthly
Quarterly
Annually
U.S. Citizenship and Immigration Service
Internal Revenue Service
Social Security Administration
Wage and Hour Division, Department of Labor
Give good reviews and raises
Reward "stars" and promote competition within the team
Delegate accountability to staff members
Be sincere and specific with praise
Federal income tax only
Social security and Medicare taxes only
Federal unemployment tax only
Federal income, social security, medicare, and federal unemployment taxes
General ledger
Time and attendance
Benefit payments
Material usage records
$30.620.37
$37,122.87
$42,568.04
$61,240.74
Cash is available for investment until items are presented for payment at the company's bank
Funds do not have to be deposited until the employee cashes the check
The company receives interest on the account
Bank reconciliations are not required
Assure the caller everything is okay, even when it's not
Get in the last word
Avoid addressing stressful issues
Remain assertive and stay focused
Occasional parties and picnics for employees
Occasional supper money for working overtime
Traditional holiday gifts, such as food items
Group legal services worth less than $70 annually
Pre-notification
Receiving financial institution routing number
Getting authorization from the employee
Receiving employee's bank account number
Withhold a flat 25% from the supplemental wages and withhold from regular wages using the appropriate table.
Withhold a flat 25% from the supplemental wages.
Withhold income tax as if the total were a single payment for a regular payroll period.
Compute income tax withholding on the regular wages separate from the supplemental wages.
$55,000 on Thursday and $110,000 on Friday
$55,000 on Friday and $110,000 on the next Wednesday
$110,000 on Thursday and $55,000 on Friday
$165,000 on Thursday
A vehicle for improving processes
A tool for assessing internal business controls
A mechanism for educating payroll partners, suppliers, and customers
Assurances of payroll personnel competency and performance
Hours worked
Time cards
OSHA records
Voided payroll checks
Are the same for all employees
Vary by whether the employee is paid by check or direct deposit
Vary for some employees such as telecommuters
Vary by wage class and compensation level
A quantified and accountable expense reimbursement plan
A tax-qualified retirement plan for public education institutions
A plan which permits employees to select two or more qualified taxable and nontaxable benefits
A plan whereby state government employees may request that pretax dollars be set aside in a retirement account until age 39
$750.00
$825.00
$900.00
$975.00