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CPP EXAM WITH QUESTIONS AND ANSWERS 100% GUARANTEED SUCCESS.
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CPP EXAM WITH QUESTIONS AND ANSWERS 100% GUARANTEED SUCCESS. FormlSS-8l-lCORRECTlANSWERDeterminationloflWorkerlStatuslforlPurposesloflFederallEmploymentlTaxeslandlIncomelTax lWithholding FormlW-9l-lCORRECTlANSWERFirst,litlislusedlbylthirdlpartiesltolcollectlidentifyinglinformationltolhelpl...

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  • September 16, 2024
  • 58
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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CPP EXAM WITH QUESTIONS AND
ANSWERS 100% GUARANTEED
SUCCESS.

FormlSS-8l-lCORRECTlANSWER-
DeterminationloflWorkerlStatuslforlPurposesloflFederallEmploymentlTaxeslandlIncomelTax
lWithholding



FormlW-9l-lCORRECTlANSWER-
First,litlislusedlbylthirdlpartiesltolcollectlidentifyinglinformationltolhelplfilelinformationlreturnsl
withlthelIRS.

ThelformlislneverlactuallylsentltolthelIRS,lbutlislmaintainedlbylthelpersonlwholfileslthelinform
ationlreturnlforlverificationlpurposes.l

ThelinformationlonlthelFormlW-9landlthelpaymentlmadelarelreportedlonlalForml1099.

Thelsecondlpurposelisltolhelplthelpayeelavoidlbackuplwithholding.lThelpayerlmustlcollectlwi
thholdingltaxeslonlcertainlreportablelpaymentslforlthelIRS.lHowever,liflthelpayeelcertifieslonl
thelW-
9ltheylarelnotlsubjectltolbackuplwithholdingltheylgenerallylreceivelthelfulllpaymentldueltheml
fromlthelpayer.lThislislsimilarltolthelwithholdinglexemptionslcertificationslfoundlonlFormlW-
4lforlemployees.

FormlSS-5l-lCORRECTlANSWER-ApplylforlanloriginallSociallSecuritylcard
ApplylforlalreplacementlSociallSecuritylcard
ChangelorlcorrectlinformationlonlyourlSociallSecuritylnumberlrecord

FormlSS-4l-lCORRECTlANSWER-ApplicationlforlEmployerlIdentificationlNumberl(EIN)

Accountinglequationl(BalancelSheet)l-lCORRECTlANSWER-Assetsl=lLiabilitiesl+lCapital
Assetsl-lLiabilitiesl=l(Shareholders'lorlOwners'lEquity)

Assetl(DebitlorlCreditlNormallBalance?)l-lCORRECTlANSWER-Debit

Expensel(DebitlorlCreditlNormallBalance?)l-lCORRECTlANSWER-Debit

Liabilityl(DebitlorlCreditlNormallBalance?)l-lCORRECTlANSWER-Credit

Capitall(DebitlorlCreditlNormallBalance?)l-lCORRECTlANSWER-Credit

,OwnerslEquityl(DebitlorlCreditlNormallBalance?)l-lCORRECTlANSWER-Credit

Revenuel(DebitlorlCreditlNormallBalance?)l-lCORRECTlANSWER-Credit

Escheatllawsl-lCORRECTlANSWER-
Referltolunclaimedlpropertylobligations.lCompanieslwholissuelchecks-
forlwages,lpayroll,lemployeelcommissions,lreturnablelgarnishments,ldeferredlcompensati
on,lpayrolllserviceslorlbonuseshavelalpotentiall(andlprobable)lunclaimedlpropertylobligatio
n.

SchedulelDl(Forml941)l-lCORRECTlANSWER-
tolexplainlcertainldiscrepanciesl(causedlbylacquisitions,lstatutorylmergers,landlconsolidati
ons)lbetweenlFormslW-
2,lWagelandlTaxlStatementl(CopylA),landlFormsl941,lEmployer'slQUARTERLYlFederallTa
xlReturn,lforltheltotalsloflsociallsecuritylwages,lMedicarelwageslandltips,lsociallsecurityltips,l
federallincomeltaxlwithheld,landladvancelearnedlincomelcreditl(EIC)lpayments

Workweeklforl14landl15-year-oldsl-lCORRECTlANSWER-
Outsidelschoollhours,landlonlschoolldayslincludinglFridays,lnolmorelthanl3lhours.
Nolmorelthanl8lhourslonlalnon-schoollday.
Whenlschoollislinlsession,lnolmorelthanl18lhourslperlweek.
Nolmorelthanl40lhourslduringlalweeklwhenlschoollislout.
Betweenlthelhourslofl7la.m.lAndl7lp.m,lextendedltol9lp.m.lBetweenlJunel1landlLaborlDay.

1)lWhichlformlislusedlforlDeterminationloflEmployeelWorklStatuslforlPurposesloflFederallE
mploymentlTaxeslandlIncomelTaxlWithholding?l
A.lFormlI-9l
B.lFormlSS-4l
C.lFormlSS-5l
D.lFormlSS-8l-lCORRECTlANSWER-D

2)lWhatlamountlmustlanlindependentlcontractorlbelpaidlforlserviceslrenderedlbeforelanlem
ployerlislobligatedltolgivelthemlal1099-MISC?l
A.lOnceltotallreachesl$600lorlmorel
B.lTotallpaymentslreachl$600lorlmorelforlcompany'slfiscallyearl
C.lTotallpaymentslreachl$600lorlmorelforlcalendarlyearl
D.lAnylindividuallpaymentlmakeslduringlcalendarlyearlexceedingl$600l-
lCORRECTlANSWER-C



3)lQualifiedlreallestatelagentslandldirectlsellerslarelwhichloflthelfollowing?l
A.lStatutorylEmployeesl
B.lStatutorylNonemployeesl
C.lEmployeesl
D.lIndependentlContractorsl-lCORRECTlANSWER-B

,4)lUnderlthelcommonllawltest,lthelIRSlexaminerslareltolgrouplthelevidenceltheylgatherlintolt
hreelgeneralltypeslorl"categories"lWhichloflthelfollowinglislnotloneloflthem?l
A.lBehaviorallcontroll
B.lFinanciallcontroll
C.lLocationloflworkl
D.lRelationshiploflthelpartiesl-lCORRECTlANSWER-C

5)lWhichloflthelfollowinglislnotlregulatedlbylthelFLSA?l
A.lChildllaborl
B.lOvertimelpayl
C.lMinimumlWagelRatesl
D.l8lhourlworkldayl-lCORRECTlANSWER-D

6)lAgent-drivers,lcommission-driverslandlfull-
timellifelinsurancelsalespersonslarelwhichloflthelfollowing?l
A.lStatutorylEmployeesl
B.lStatutorylNonemployeesl
C.lEmployeesl
D.lIndependentlContractorsl-lCORRECTlANSWER-A

7)lTherelarelthreelpartsloflthelABCltest,lwhichlislnotloneloflthem?l
A.lBusiness-unusualland/lorlawayl
B.lRisklofllossl
C.lCustomarilylindependentlcontractorl
D.lAbsenceloflcontroll-lCORRECTlANSWER-B

8)lUnderlthelfederallnewlhirelreportinglrequirementlhowlmanyldaysldoeslanlemployerlhavel
afterlhireldate?l
A.l10ldaysl
B.l20ldaysl
C.l30ldaysl
D.l40ldaysl-lCORRECTlANSWER-B

9)lWhatlislFormlI-9lusedlfor?l
A.lApplicationlforlEmployerlIdentificationlNumberl
B.lDeterminationloflEmployeelWorklStatusl
C.lApplicationlforlIRSlIndividuallTaxpayerl
D.lEmploymentlEligibilitylVerificationl-lCORRECTlANSWER-D

10)lUnderlthelreasonablelbasisltest,lwhichloflthelfollowingldoeslnotlsupportlanlemployer'sltr
eatmentloflalworkerlaslanlindependentlcontractor?l
A.lPastlIRSlemploymentltaxlauditl
B.lPublishedlIRSlrulingsl
C.lPlaceloflworkl
D.lPrivatelletterlrulingsl-lCORRECTlANSWER-C

, 11)lWhatldoeslFLSAlstandlfor?l
A.lFederallLaborlStandardslActl
B.lFairlLaborlStandardslActl
C.lFederallLaborlStandardslAgencyl
D.lFairlLaborlStandardslAgencyl-lCORRECTlANSWER-B

12)lWhichloflthelfollowinglislnotlcoveredlunderlthelFLSA?l
A.lRegulatelhowloftenlemployeeslmustlbelpaidl
B.lMandateslequallpaylforlequallworkl
C.lRequireslrecordkeepinglbylemployersl
D.lsetslthelminimumlwagelandlovertimelrateslemployeeslmustlreceivelforltheirlworkl-
lCORRECTlANSWER-A



13)lWholenforceslthelFederallWage-HourlLaw?l
A.lIndividuallStatesl
B.lIRSl
C.lEEOCl
D.lDOLl-lCORRECTlANSWER-D

14)lWholenforceslthelequallpaylprovisions?l
A.lIndividuallStatesl
B.lIRSl
C.lEEOCl
D.lDOLl-lCORRECTlANSWER-C

15)lWhichlislnotloneloflthelWhitelCollarlExemption?l
A.lAdministrativel
B.lExecutivel
C.lManagementl
D.lProfessionallemployeesl-lCORRECTlANSWER-C

16)lForlovertimelpaylWhichlonelislincludedlinlthelregularlrate?l
A.lDiscretionarylbonusesl
B.lNondiscretionarylbonusesl
C.lGiftsl
D.lReimbursedlexpensesl-lCORRECTlANSWER-B

17)lForlcalculationloflovertimelpaylWhichlonelislnotlincludedlinlthelregularlrate?l
A.lSupplementalldisabilitylpaymentsl
B.lOn-calllpayl
C.lRetroactivelpayl
D.lVacationlpayl-lCORRECTlANSWER-D

18)lAlcomputerlprofessionallmustlbelpaidlatlleastlwhatlperlhourltolbelexemptlfromlovertimelr
equirementslunderlthelFLSA?l
A.lMinimumlwagelperlhourl

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