CPP Practice Exam 11
.jpg "CPP Practice Exam 11 - Quiz")
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.
- 1.Employers in non-credit reduction states that pay their state unemployment taxes on time can deduct up to what percentage in calculating their FUTA tax payments?
- A.
0.8%
- B.
4.5%
- C.
5.4%
- D.
6.2%
- 2.Which of the following items determines the disposition of unclaimed wages?
- A.
State law only
- B.
Federal law only
- C.
Federal and state law
- D.
No recognized procedures exist
- 3.Under NACHA rules, employers are advised to retain a copy of the employee's written authorization for direct deposit for at least:
- A.
4 years
- B.
2 years
- C.
3 years
- D.
1 years
- 4.Which of the following benefits is allowable in an 125 plan?
- A.
Transportation fringe benefits
- B.
403(b)
- C.
Educational assistance
- D.
Disability insurance
- 5.Sick pay under a definite plan or system is NOT subject to mandatory federal income tax withholding when paid:
- A.
From an employer's self-insured plan
- B.
By an agent of the employer
- C.
From a disability retirement plan
- D.
By a third-party insurance provider
- 6.An employee contributes $2,000 on a pretax basis to a 401(k) qualified plan. How is this pretax contribution reported on the 2009 W-2?
- A.
Box 1, box 3/5, box 13 (retirement plan)
- B.
Boxes 3/5, box 13, (retirement plan)
- C.
Boxes 3/5, box 12, box 13 (retirement plan)
- D.
Box 12, box 13 (retirement plan)
- 7.Which of the following generally does NOT represent compensable time under the FLSA?
- A.
Travel to a convention after normal working hours
- B.
Time spent cleaning up work area after normal shift
- C.
Time sent in break room waiting for job instructions
- D.
Overtime hours not authorized by the employer
- 8.Which of the following sets of data should be maintained on the payroll master file?
- A.
Next of kin relationship
- B.
Name, address, occupation
- C.
Children's names and birth dates
- D.
Primary physician's name, and phone number
- 9.Under the claim-of-right rule, a salary overpayment that is discovered by the employer in the tax year follwoing the year of overpayment:
- A.
Can be deducted on a pretax basis from regular wages
- B.
Cannot be deducted from the employee's wages because employee has a right to the payment
- C.
Cannot be deducted from wages at all
- D.
Can be deducted from wages on an after-tax basis
- 10.
Under FLSA, how many hours would be paid a time and one half for the following biweekly period, assuming that the employee is a health care professional paid under the special FLSA rules.- A.
0
- B.
16
- C.
24
- D.
12
- 11.
What is the total amount reported in box 3, Social Security wages, for these employees?
- A.
$373,418
- B.
$362,938
- C.
$387,520
- D.
$321,100
- 12.
What is the total amount reported in box 10, "dependent care benefits?"
- A.
$ 0
- B.
$4,980
- C.
$5,500
- D.
$10,480
- 13.
What is the total amount that must be reported in box 14?
- A.
$ 0
- B.
$4,980
- C.
$10,480
- D.
$23,582
- 14.
What is the amount reported in box 12, and what code is used?
- A.
C 4,980
- B.
C 10,480
- C.
D 24,582
- D.
D 29,682
- 15.
Under the FLSA, how many hours would be paid at time and one half for the following biweekly period, assuming that the employee is an assembly line worker?
- A.
0
- B.
8
- C.
10
- D.
20
- 16.
Under the FLSA, how many hours would be paid at time and one half for the following biweekly period, assuming that the employee is an garment worker?
- A.
8
- B.
0
- C.
8.5
- D.
0.5
- 17.
Under FLSA, how many hours must be paid at the overtimve rate of pay for the following biweekly period: * Represents 8 hours of sick pay leave
- A.
0
- B.
2
- C.
10
- D.
16
- 18.
Under FLSA, how many hours must be paid at the overtime rate of pay for the following biweekly period assuming the employer is a hospital qualified under the special provisions of the FLSA?
- A.
14
- B.
15
- C.
8
- D.
4
- 19.An employee is terminated with 3 workdays remaining in a month. The employee earned an annual salary of $24,000 and was paid semimonthly. What is the regular compensation due this employee for the final pay period?
- A.
$723.07
- B.
$782.61
- C.
$800.00
- D.
$869.57
- 20.Employee deferrals under section 401(k) are subject to which taxes?
- A.
Federal income and social security and Medicare taxes
- B.
Social security and Medicare taxes only
- C.
Social security, Medicare, and FUTA taxes
- D.
Federal income, social security, Medicare, and FUTA taxes
- 21.What does it mean if, at the end of an accounting period, a company has a debit balance in a liability account?
- A.
The company has under-deposited taxes withheld from employee wages
- B.
The company has not yet paid the third party
- C.
The company has withheld too much from the employee
- D.
The company has paid to a third party more than was withheld from the employee
- 22.All of the following factors are advantages of having an in-house developed system EXCEPT:
- A.
Scheduling flexibility
- B.
User groups
- C.
Security
- D.
Control of the system
- 23.A payroll department manager should assure:
- A.
An independent mission statement
- B.
Appropriate training and equipment resources for staff members
- C.
Immediate enactment of employee suggestions
- D.
Top payment of staff
- 24.Which of the following statements describes a self-insured workers' compensation plan?
- A.
The state pays the workers' compensation payments
- B.
The employer funds the workers' compensation payments
- C.
The wages will continue as if the employee is still working
- D.
The individual employee is responsible for his own insurance
- 25.The proper handling of a stop payment includes all of the following steps EXCEPT:
- A.
Reversing the direct deposit
- B.
Cancelling the payment in the payroll system
- C.
Notifying the bank account reconciliation employees
- D.
Documenting the reason for the transaction
.jpg "What is the total amount reported in box 3, Social Security wages, for these employees?")
.jpg "What is the total amount reported in box 10, \"dependent care benefits?\"")
.jpg "What is the total amount that must be reported in box 14?")
.jpg "What is the amount reported in box 12, and what code is used?")
.jpg "Under the FLSA, how many hours would be paid at time and one half for the following biweekly period, assuming that the employee is an assembly line worker?")
Questions: 25 | Attempts: 11537 | Last updated: Mar 22, 2022
-
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Sample QuestionThe Family and Medical Leave Act requires employers to maintain records for:
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