The Payroll Source CPP Practice Exam 2024/2025 with 100% correct answers
1 view 0 purchase
Course
The Payroll Source CPP Practice
Institution
The Payroll Source CPP Practice
Which of the following features is LEAST likely to be considered when looking at the security of a new payroll system?
a. regular data back-up and storage
b. protection against computer viruses
c. limited system access
d. system edits correct answersd. system edits
Company deadlines for payr...
Which of the following features is LEAST likely to be considered when looking at the security of a new
payroll system?
a. regular data back-up and storage
b. protection against computer viruses
c. limited system access
d. system edits correct answersd. system edits
Company deadlines for payroll data input documents are essential for:
a. timely processing of the payroll
b. accurate entry of data
c. guaranteeing that all information is processed
d. adequate auditing purposes correct answersa. timely processing of the payroll
The BEST reason for tracking pay-related problem statistics is to enable Payroll to:
a. identify root causes and take actions to prevent similar recurrences
b. apologize to clients in a more professional manner
c. direct problems to those who caused the problem
d. justify more resources to handle more problems correct answersa. identify root causes and take
actions to prevent similar recurrences
With regard to EEs' reported tips, the ER must:
a. withhold and pay only the EEs' portion of FICA taxes on tips
b. report tax on tips separately when making an employment tax deposit
c. report tips as wages on Form W-2 and pay the ER portion of FICA taxes
d. report and pay the ER portion of FICA taxes on the portion of cash tips above the federal minimum
wage correct answersc. report tips as wages on Form W-2 and pay the ER portion of FICA taxes
,Transactions are recorded in chronological order into books of original entry called:
a. registers
b. vouchers
c. invoices
d. journals correct answersd. journals
The KEY advantage of using an automated time and attendance system is that it:
a. identifies phantom EEs
b. reduces errors
c. interfaces with the payroll system
d. frees supervisors from having to review hours correct answersb. reduces errors
As part of the implementation of a new payroll system, all transactions from the most recent actual
payroll are processed in the new system prior to using the system to run payrolls. This is an example of
what type of testing?
a. compliance
b. back-up
c. ongoing
d. parallel correct answersd. parallel
To exhibit good customer service skills, payroll staff must understand and be able to explain:
a. payroll forms
b. benefits enrollment techniques
c. systems design decisions
d. strategic departmental direction correct answersa. payroll forms
All of the following data elements are required to be maintained in the EE masterfile EXCEPT:
a. SSN
b. DOB
, c. marital status
d. hourly rate of pay correct answersc. marital status
Upward communication involves:
a. dissemination of management decisions to the staff
b. interactions between you and your manager
c. passing information to management
d. conducting quality circle meetings correct answersc. passing information to management
The fact that transactions affect two separate accounts of a business is called:
a. compound-entry accounting
b. double-entry accounting
c. accrual accounting
d. T-accounting correct answersb. double-entry accounting
A company pays all executives semimonthly. The FLSA requires all other EEs to be paid on:
a. a weekly cycle
b. a biweekly cycle
c. a semimonthly cycle
d. any established cycle correct answersd. any established cycle
Which of the following answers BEST defines the term nonexempt under the FLSA?
a. a lower-paid class of EEs
b. hourly-paid workers only
c. EEs who must be paid OT
d. a special class of EEs as determined by the ER correct answersc. EEs who must be paid OT
For how many years must the ER's copy of Form 940 be retained?
a. 2
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller QUILLSKY. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $18.99. You're not tied to anything after your purchase.
