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THE PAYROLL SOURCE CPP PRACTICE EXAM LATEST 2024/2025 WITH ACTUAL QUESTIONS AND CORRECT VERIFIED (DETAILED) ANSWERS/ALREADY GRADED A+$27.99
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THE PAYROLL SOURCE CPP PRACTICE EXAM LATEST
2024/2025 WITH ACTUAL QUESTIONS AND CORRECT
VERIFIED (DETAILED) ANSWERS/ALREADY GRADED A+
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 - ANSWER-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 - ANSWER-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 - ANSWER-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 - ANSWER-D. journals
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 - ANSWER-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 - ANSWER-A. timely processing of the payroll
, 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 - ANSWER-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?
A. compliance
B. back-up
C. ongoing
D. parallel - ANSWER-D. 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 - ANSWER-A. payroll forms
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
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