11/28/24, 11:08 PM CPP CERTIFIED PAYROLL PROFESSIONAL EXAM 2023-2024 ACTUAL EXAM 140 QUESTIONS AND CORRECT DETAILED …
CPP CERTIFIED PAYROLL PROFESSIONAL EXAM
2023-2024 ACTUAL EXAM 140 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS)
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Terms in this set (140)
Counseling is appropriate a. salaries have been frozen.
when:
a. salaries have been
frozen.
b. introducing a new
procedure.
c. explaining tax law
changes.
d. orienting new
employees.
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,11/28/24, 11:08 PM CPP CERTIFIED PAYROLL PROFESSIONAL EXAM 2023-2024 ACTUAL EXAM 140 QUESTIONS AND CORRECT DETAILED …
In addition to the 75%
accuracy-related penalty
for underpayment of
taxes, if the underpayment
of taxes is due to fraud,
the IRS may asses an
additional penalty of:
If an employer's total tax Wednesday or Friday under the semiweekly rules.
liability for the lookback
period is $75,000.00, a tax
liability less than $100,000
must be deposited no
later than:
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:
Under the FLSA, when a within one month after the end of the year, make a
highly compensated final payment to the employee to reach $100,000.00 in
exempt employee annual compensation.
receives less than
$100,000.00 in
compensation during the
year, the employer may:
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:
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, 11/28/24, 11:08 PM CPP CERTIFIED PAYROLL PROFESSIONAL EXAM 2023-2024 ACTUAL EXAM 140 QUESTIONS AND CORRECT DETAILED …
IRC §125 Cafeteria plans b. COBRA.
are generally funded by
all of the following
mechanisms EXCEPT:
a. flex dollars".
b. COBRA.
c. after-tax employee
contributions.
d. salary reduction.
Form W-4S allows the a flat amount.
third-party sick pay
provider to withhold
federal income tax based
on:
A National Medical honor the qualified medical child support order.
Support Notice requires
an employer to:
An employee with year- $474.30 - Social security and Medicare taxes are
to-date wages of withheld for six calendar months after the employee's
$25,000.00 was disabled last day of work.
for four months and was
paid $6,200.00 by a third-
party insurer. The disability
plan premiums are paid
entirely by the employer.
No Form W-4S was
provided to the insurer.
Calculate the amount of
federal income, social
security, and Medicare
taxes the third party payer
must withhold.
https://quizlet.com/977406372/cpp-certified-payroll-professional-exam-2023-2024-actual-exam-140-questions-and-correct-detailed-answers-verified-a… 3/24
CPP CERTIFIED PAYROLL PROFESSIONAL EXAM
2023-2024 ACTUAL EXAM 140 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS)
Practice questions for this set
Learn
Studied 7 terms
Nice work, you're crushing it
Continue studying in Learn
Terms in this set (140)
Counseling is appropriate a. salaries have been frozen.
when:
a. salaries have been
frozen.
b. introducing a new
procedure.
c. explaining tax law
changes.
d. orienting new
employees.
https://quizlet.com/977406372/cpp-certified-payroll-professional-exam-2023-2024-actual-exam-140-questions-and-correct-detailed-answers-verified-a… 1/24
,11/28/24, 11:08 PM CPP CERTIFIED PAYROLL PROFESSIONAL EXAM 2023-2024 ACTUAL EXAM 140 QUESTIONS AND CORRECT DETAILED …
In addition to the 75%
accuracy-related penalty
for underpayment of
taxes, if the underpayment
of taxes is due to fraud,
the IRS may asses an
additional penalty of:
If an employer's total tax Wednesday or Friday under the semiweekly rules.
liability for the lookback
period is $75,000.00, a tax
liability less than $100,000
must be deposited no
later than:
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:
Under the FLSA, when a within one month after the end of the year, make a
highly compensated final payment to the employee to reach $100,000.00 in
exempt employee annual compensation.
receives less than
$100,000.00 in
compensation during the
year, the employer may:
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:
https://quizlet.com/977406372/cpp-certified-payroll-professional-exam-2023-2024-actual-exam-140-questions-and-correct-detailed-answers-verified-a… 2/24
, 11/28/24, 11:08 PM CPP CERTIFIED PAYROLL PROFESSIONAL EXAM 2023-2024 ACTUAL EXAM 140 QUESTIONS AND CORRECT DETAILED …
IRC §125 Cafeteria plans b. COBRA.
are generally funded by
all of the following
mechanisms EXCEPT:
a. flex dollars".
b. COBRA.
c. after-tax employee
contributions.
d. salary reduction.
Form W-4S allows the a flat amount.
third-party sick pay
provider to withhold
federal income tax based
on:
A National Medical honor the qualified medical child support order.
Support Notice requires
an employer to:
An employee with year- $474.30 - Social security and Medicare taxes are
to-date wages of withheld for six calendar months after the employee's
$25,000.00 was disabled last day of work.
for four months and was
paid $6,200.00 by a third-
party insurer. The disability
plan premiums are paid
entirely by the employer.
No Form W-4S was
provided to the insurer.
Calculate the amount of
federal income, social
security, and Medicare
taxes the third party payer
must withhold.
https://quizlet.com/977406372/cpp-certified-payroll-professional-exam-2023-2024-actual-exam-140-questions-and-correct-detailed-answers-verified-a… 3/24
