THE PAYROLL SOURCE CPP FINAL EXAM/WITH ALL CHAPTERS TESTED & CONFIRMED ANSWERS//.
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THE PAYROLL SOURCE CPP
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THE PAYROLL SOURCE CPP
THE PAYROLL SOURCE CPP FINAL EXAM/WITH ALL CHAPTERS TESTED & CONFIRMED ANSWERS//.
Under FLSA, what is the compensation due an employee whose rate of pay is $8 per hour and who is paid for 52 hours during one workweek, including 8 hours of sick pay?
A. $416
B. $432
C. $448
D. $464 - CORRECT AN...
THE PAYROLL SOURCE CPP FINAL EXAM/WITH ALL
CHAPTERS TESTED & CONFIRMED ANSWERS//2024-2024.
Under FLSA, what is the compensation due an employee whose rate of pay is $8 per
hour and who is paid for 52 hours during one workweek, including 8 hours of sick pay?
A. $416
B. $432
C. $448
D. $464 - CORRECT ANSWERS -B. $432 (52 x $8) + ($8x.5x4) = $432
All of the following data elements are required to be maintained in the employee
masterfile EXCEPT:
A. social security number
B. birth date
C. marital status
D. hourly rate of pay - CORRECT ANSWERS -C. 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 ANSWERS -C. 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 ANSWERS -B. double-entry accounting
A company pays all executives semimonthly. The FLSA requires all other employees to
be paid on:
A. a weekly cycle
B. a biweekly cycle
C. a semimonthly cycle
D. any established cycle - CORRECT ANSWERS -D. any established cycle
Calculate the employee's gross pay under the FLSA based on the following data:
Rate of pay per hour: $8.00
Production bonus: $25.00
Shift differential per hour: $0.25
Total shift hours in workweek: 44
A. $380.64
B. $377.00
,C. $404.50
D. $405.64 - CORRECT ANSWERS -D. $405.64
(44x$8)+(44x$.25)+$25= $388
$ = $8.82
$388 + ($8.82 x .5 x 4) = 17.64
$388 + $17.64 = $405.64
Which of the following answers BEST defines the term nonexempt under the FLSA?
A. a lower-paid class of employees
B. hourly- paid workers only
C. employees who must be paid overtime
D. a special class of employees as determined by the employer - CORRECT
ANSWERS -C. employees who much be paid overtime
For how many years must the employer's copy of Form 940 be retained?
A. 2
B. 3
C. 4
D. 5 - CORRECT ANSWERS -C. 4
Copies of the production files and most recent payroll transactions are sent nightly to
the parent company in a remote location. This practice is part of what type of plan?
A. security
B. control
C. disaster recovery
D. maintenance - CORRECT ANSWERS -C. disaster recovery
Employees who are not eligible for direct deposit and receive paychecks sent through
the mail are constructively paid:
A. on the check date
B. when the checks were postmarked
C. when the checks were delivered
D. when the checks were cashed - CORRECT ANSWERS -C. when the checks were
delivered
Which of the following 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 ANSWERS -D. 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 ANSWERS -A. timely processing of the
payroll
An employee earns $9 per hour and an additional 10 cents per hour for hours worked
after 7:00 p.m. If an employee works from 2:00p.m. to 11:00p.m., with an unpaid meal
break from 6:00 p.m. to 7:00p.m., Monday through Friday, what is the employee's
weekly gross pay under the Fair Labor Standards Act?
A. $360
B. $361
C. $362
D. $364 - CORRECT ANSWERS -C. $362 (40x$9)+(20x$.10)=$362
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 ANSWERS -A. identify
rout caused and take actions to prevent similar recurrences
With regard to employees' reported tips, the employer must:
A. withhold and pay only the employees' portion of social security and Medicare taxes
on tips
B. report taxes on tips separately when making an employment tax deposit
C. report tips as wages on Form W-2 and pay the employer portion of social security
and Medicare taxes
D. report and pay the employer portion of social security and Medicare taxes on the
portion of cash tips above the federal minimum wage - CORRECT ANSWERS -C.
report tips as wages on Form W-2 and pay the employer portion of social security and
Medicare taxes
Transactions are recorded in chronological order into books of original entry called:
A. registers
B. vouchers
C. invoices
D. journals - CORRECT ANSWERS -D. journals
The KEY advantage of using an automated time and attendance system is that it:
A. identifies phantom employees
B. reduces errors
C. interfaces with the payroll system
D. frees supervisors from having to review hours - CORRECT ANSWERS -B 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?
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