CPP-REMOTE Online Practice Questions and Answers

Which of the following would NOT be correct in the treatment of deceased workers' wages, assuming the wages are paid in the year after the workers' death?

A. Report payment in box1 of Form W-2

B. Payment is exempt from FITW

C. Report payment in box 3 of Form 1099

D. Payment is exempt form FICA and FITW

Which of the following would not be included in the job description of a payroll specialist?

A. Calculating bonus and severance pay

B. Entering direct deposit information

C. Sorting checks and deposit statements for distribution

D. Crafting policy for employee benefits

In the first monthly accounting period of a company's fiscal year, which of the following occurs?

A. Underpaid debts are "forgiven"

B. Asset and liability accounts reflect prior year ending balance

C. All liability accounts are reset to zero balances D. Asset account balances are reclassified

Bass Biting Company operates bait, tackle and boat sales store employing 12 full time clerks and salespeople in addition to the owner and his family members. Occasionally, Bass Biting assigns special work to individuals other than its regular employees and family members. Only two employees, George the President, and Earl, a salesperson, receive group-term life insurance. The value of each of their group-term life benefit is $93 per month, and $23 per month after excluding the first $50,000 of coverage. How much is exempt from wages?

A. $0

B. $93.00

C. $186.00

D. $46.00

When the state does not allow workers' compensation converge through a private insurance carrier, this is referred to as a:

A. Public fund state

B. National council state

C. Competitive state

D. Monopolistic state

Employee's regular monthly salary is $950. Employee is scheduled to work 37 hours per week. Under the FLSA, how much would this employee be paid for each hour in excess of 37 but less than 40 in the workweek?

A. $5.93

B. $6.42

C. $0

D. $5.48

To build morale and motivate staff, a manager must:

A. delegate accountability to staff members

B. gives good reviews and raises

C. be sincere and specific with praise

D. reward "stars" and promote competition within the team

A U.S. citizen working for a foreign employer outside the United States is subject to which of the following taxes?

A. Federal income tax withholding only

B. Federal income tax withholding, Social Security, Medicare, and FUTA

C. None

D. Social Security and Medicare only

What is the difference between policy and a procedure?

A. None, they serve the same purpose

B. Policies are rules; procedures are instructions

C. Procedures need to be documented; policies do not

D. Policies can be overridden; procedures may not

Which of the following is not likely to be included in payroll documentation?

A. Auditors' Questionnaire

B. Proofing and Balancing Payroll

C. Tax Set Up

D. Correcting Errors