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Certified Payroll Professional Test Compilation Bundle
Certified Payroll Professional Test Compilation Bundle
[Show more]Certified Payroll Professional Test Compilation Bundle
[Show more]Form SS-8 correct answers Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding 
 
Form W-9 correct answers First, it is used by third parties to collect identifying information to help file information returns with the IRS. 
 
The form is never act...
Preview 4 out of 89 pages
Add to cartForm SS-8 correct answers Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding 
 
Form W-9 correct answers First, it is used by third parties to collect identifying information to help file information returns with the IRS. 
 
The form is never act...
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 answers d. system edits 
 
Company deadlines for p...
Preview 3 out of 25 pages
Add to cartWhich 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 answers d. system edits 
 
Company deadlines for p...
What is better Formula Pricing or Market Pricing? correct answers Market Pricing 
 
When pricing, it is best to stay off of what type of numbers? correct answers Round numbers 
 
Your Projected Income is $500, your Promotion Costs $50, your Production costs $200 and your Class Fee is $50. What...
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Add to cartWhat is better Formula Pricing or Market Pricing? correct answers Market Pricing 
 
When pricing, it is best to stay off of what type of numbers? correct answers Round numbers 
 
Your Projected Income is $500, your Promotion Costs $50, your Production costs $200 and your Class Fee is $50. What...
1x sold
From what taxes are cafeteria plan contributions generally exempt? 
 
A. SS, Medi, FIT, and FUTA 
B. FIT and SIT 
C. SS, Medi, FUTA, and SUI 
D. SS, Medi, FIT, and SIT correct answers A. Social Security, Medicare, FIT, and FUTA 
 
 
Reference 4.5 Cafeteria Plans 
 
In which boxes on the W-2 would...
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Add to cartFrom what taxes are cafeteria plan contributions generally exempt? 
 
A. SS, Medi, FIT, and FUTA 
B. FIT and SIT 
C. SS, Medi, FUTA, and SUI 
D. SS, Medi, FIT, and SIT correct answers A. Social Security, Medicare, FIT, and FUTA 
 
 
Reference 4.5 Cafeteria Plans 
 
In which boxes on the W-2 would...
CPP correct answers Certified Payroll Professional 
 
FPC correct answers Fundamental Payroll Certification 
 
5. From what taxes are cafeteria plan contributions generally exempt? 
A. Social Security, Medicare, FIT, and FUTA 
B. FIT and SIT 
C. Social Security, Medicare, FUTA, and SUI 
D....
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Add to cartCPP correct answers Certified Payroll Professional 
 
FPC correct answers Fundamental Payroll Certification 
 
5. From what taxes are cafeteria plan contributions generally exempt? 
A. Social Security, Medicare, FIT, and FUTA 
B. FIT and SIT 
C. Social Security, Medicare, FUTA, and SUI 
D....
Social Security Wage Base correct answers $147,000 
 
Social Security Tax Rate correct answers 6.2% 
 
Medicare Wage Base correct answers None 
 
Medicare Tax Rate correct answers 1.45% 
 
401k, 457, 408, Max Contribution correct answers $20,500/$6,500 (catch up if over 50+) 
 
Per Di...
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Add to cartSocial Security Wage Base correct answers $147,000 
 
Social Security Tax Rate correct answers 6.2% 
 
Medicare Wage Base correct answers None 
 
Medicare Tax Rate correct answers 1.45% 
 
401k, 457, 408, Max Contribution correct answers $20,500/$6,500 (catch up if over 50+) 
 
Per Di...
T/F: The responsibility for determining the employment status of an individual who performs services rests with the employer. correct answers True 
 
T/F: An accountant who provides bookkeeping and payroll services to several local businesses and works at her own office is an independent contract...
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Add to cartT/F: The responsibility for determining the employment status of an individual who performs services rests with the employer. correct answers True 
 
T/F: An accountant who provides bookkeeping and payroll services to several local businesses and works at her own office is an independent contract...
2022 Adoption Assistance Amount 
$14,890; not FIT, but all other; code T (tots) 
2022 Commuting Valuation Amount 
$1.50/way; $3.00/round-trip 
Notes: 
1.) Vehicle is owned/leased by ER and provided for use in connection with the business 
2.) Requires employee to commute 
3) Written policy prohibiti...
Preview 4 out of 32 pages
Add to cart2022 Adoption Assistance Amount 
$14,890; not FIT, but all other; code T (tots) 
2022 Commuting Valuation Amount 
$1.50/way; $3.00/round-trip 
Notes: 
1.) Vehicle is owned/leased by ER and provided for use in connection with the business 
2.) Requires employee to commute 
3) Written policy prohibiti...
Under the Internal Revenue Code (IRC), an employer has the following obligations for employees: correct answers Withholding income tax 
Withholding social security tax 
Withholding Medicare tax 
Paying employer's share of social security tax 
Paying employer's share of Medicare tax 
Paying fede...
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Add to cartUnder the Internal Revenue Code (IRC), an employer has the following obligations for employees: correct answers Withholding income tax 
Withholding social security tax 
Withholding Medicare tax 
Paying employer's share of social security tax 
Paying employer's share of Medicare tax 
Paying fede...
Semiweekly depositor - Pay days on: 
Saturday, Sunday, Monday, and Tuesday correct answers Deposit Due 
The next Friday 
 
Semiweekly depositor - Pay days on: 
Wednesday, Thursday, and Friday correct answers Deposit Due 
The next Wednesday 
 
Monthly depositors correct answers Employers wit...
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Add to cartSemiweekly depositor - Pay days on: 
Saturday, Sunday, Monday, and Tuesday correct answers Deposit Due 
The next Friday 
 
Semiweekly depositor - Pay days on: 
Wednesday, Thursday, and Friday correct answers Deposit Due 
The next Wednesday 
 
Monthly depositors correct answers Employers wit...
Application for Employer ID Number correct answers SS-4 
 
Application for a SS Card correct answers SS-5 
 
Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding correct answers SS-8 
 
Wage and Tax Statement correct answers W-2 
 
Corrected ...
Preview 2 out of 11 pages
Add to cartApplication for Employer ID Number correct answers SS-4 
 
Application for a SS Card correct answers SS-5 
 
Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding correct answers SS-8 
 
Wage and Tax Statement correct answers W-2 
 
Corrected ...
Form SS-8 correct answers Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding 
 
Form W-9 correct answers First, it is used by third parties to collect identifying information to help file information returns with the IRS. 
 
The form is never act...
Preview 4 out of 82 pages
Add to cartForm SS-8 correct answers Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding 
 
Form W-9 correct answers First, it is used by third parties to collect identifying information to help file information returns with the IRS. 
 
The form is never act...
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