CPP CERTIFIED PAYROLL PROFESSIONAL EXAM
2024-2025 ACTUAL EXAM 150 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS)
Terms in this set (140)
Employee pre-tax dollars diverted into investment
457b
account for governmental employees
After an employer receives By December 31st of that year
an IRS penalty notice for an
employee's failure to
provide a correct name and
SSN, when must the
employer request the
employee complete Form
W-4?
a. Each month thereafter
b. Each quarter thereafter
c. By December 31st of that
year
d. Each pay period
thereafter
An agreement between a §218 agreement.
state and the federal
department of Health and
Human Services (HHS) is
known as
,All of the following b. deferred compensation to a 403(b) plan.
qualified benefits can be
offered under a Sec. 125
plan EXCEPT:
a. adoption assistance.
b. deferred compensation
to a 403(b) plan.
c. elective vacation days.
d. deferred compensation
to a 401(k) plan.
Both state and federal Child Labor
governments regulate:
A cafeteria plan may be a. benefit exchange dollars.
funded by any of the
following EXCEPT:
a. benefit exchange dollars.
b. salary reduction.
c. flex dollars or flex credits.
d. after-tax employee
contributions.
Cafeteria plans and other "flex dollars" or "flex credits", salary reduction, or after
flexible benefit plans are tax contributions.
generally funded by either
of the following
mechanisms:
Coaching is appropriate b. teaching new skills
when:
a. two employees are in
conflict.
b. teaching new skills.
c. promotion opportunities
are limited.
d. an employee is unhappy.
, COBRA coverage ends a. required COBRA premium is not paid within 45 days of
before the maximum the due date.
coverage periods are
reached in all of the
following situations EXCEPT
when the:
a. required COBRA
premium is not paid within
45 days of the due date.
b. qualified beneficiary
becomes covered under
another group health plan.
c. qualified beneficiary
becomes entitled to
Medicare benefits.
d. employer ceases to
provide group health
coverage to its employees.
A company has accrued debit to the liability account.
$23,665.00 of vacation pay
to a liability account. When
employees are paid the
vacation amount due, the
entries to the vacation
liability account will be
recorded as a:
A company pays an Working condition fringes
employee's membership fee
to a work-related
professional association.
How does the IRC define
these payments?
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