APA CPP-Remote CPP Exam Practice Test Instant Access

Question 1

From which of the following taxes are statutory workers' compensation payments exempt?

AFIT only

BFICA only

CFUTA only

DFIT, FICA, and FUTA taxes

Answer : D

Question 2

The process of balancing multiple time sheets within a specified pay period utilizes a procedure known as:

Abatch totaling

Bexcepting reporting

Csystem documentation

Dreconciliation

Answer : A

Question 3

How may FIT be withheld from separation pay and accrued vacation wages totaling $20,000 that are paid at the time of termination and identified separately on the EE's pay stub, if the EE has been paid $25,000 so far this year and had income tax withheld from her most recent wage payment?

Ausing the aggregate method only

Busing the prior 12 months' tax rate

Cat the optional flat rate for all payouts at termination only

Dat the optional flat rate or using the aggregate method

Answer : D

Question 4

Techniques for conducting periodic physical payouts:

Aare the same for all EEs

Bvary by whether the EE is paid by check or direct deposit

Cvary for some EEs such as telecommuters

Dvary by wage class and compensation level

Answer : A

Question 5

Each of the following items qualifies as a de minimis fringe benefit EXCEPT:

Aoccasional parties and picnics for EEs

Boccasional supper money for working OT

Ctraditional holiday gifts, such as food items

Dgroup legal services worth less than $100 annually

Answer : D

Question 6

One reason many companies use a Zero Balance Checking Account is that:

Acash is available for investment until items are presented for payment at the company's bank

Bfunds do not have to be deposited until the EE cashes the check

Cthe company receives interest on the account

Dbank reconciliations are not required

Answer : A

Question 7

On what form must mistakenly paid wages, for which no repayment is made, be reported?

AW-2

BW-4

C1099-R

D1099-MISC

Answer : A

APA Certified Payroll Professional CPP-Remote CPP Exam Practice Test