Payroll exam 2025 - Study guides, Class notes & Summaries

How many days after a full-time employee starts to work does an employer have to complete the I-9? correct answers4 days Which form does an employee need to submit to obtain a Social Security card? correct answersSS-5 Which form does an employer use to obtain an Employer Identification Number for depositing employment taxes? correct answersSS-4 If on April 15, 2020, a state's minimum wage is $6.95 per hour, what is the minimum rate that interstate employers in that state must pay emplo...

THE PAYROLL SOURCE CPP EXAM ACTUAL EXAM PRACTICE QUESTIONS AND STUDYGUIDE WITH DETAILED CORRECT ANSWERS | VERIFIED

Companies usually provide a separate column in the payroll register to record the employers payroll taxes - correct answers False An employer will use the payroll register to keep track of an employees accumulated wages - correct answers False Deduction from gross pay in the payroll register are reflected on the credit side of the journal entry to record the payroll - correct answers True If wages are paid weekly, postings to the employees earnings record would be done once a month - co...

CPP - Certified Payroll Professional Exam 2024 | Comprehensive Questions and Answers Latest Updated 2024/2025 With 100% Verified Solutions

Federal Unemployment Tax Act correct answersFederal social security program Federal Unemployment Tax is borne entirely by correct answersThe employer State Unemployment Tax Act correct answersState Unemployment compensation program State Unemployment Tax Act is levied only on correct answersThe employer Employer Payroll taxes are usually recorded at the same time as correct answersthe payroll is journalized Preparation of payroll tax returns correct answerspayroll department Pa...

To determine which subscription level best fits your clients' needs, ask them if they... correct answersNeed same-day direct deposit, time- or project tracking, expert setup service for onboarding, 24/7 support, tax penalty protection, or an HR advisor. Your client Kalvin wants a payroll solution for his rapidly expanding construction business. He's looking for something that can adapt to more employees, calculate taxes for several states, and manage employee benefits such as health insuran...

vacation pay correct answersUnder the FLSA regular rate of pay does not include: $7.25 correct answersIn August 2012 the minimum hourly wage was the amount of tips actually received by the employee correct answersThe tips received y a tipped emplouee are less than $5.12 of the minimum hourly tip credit rate. The maximum permissible tip credit is all hours worked in excess o 40 in a workweek correct answersUnder the FLSA overtime opay is required for none of the above (emplyee pd by h...

CPP - Certified Payroll Professional Exam 2024/2025 Update When calculating an employee's net pay, all of the following amounts are subtracted from gross earnings except: - Taxable Wages The minimum salary requirement does not apply to exempt professional employees who are: - Teachers working in an educational institution What is the daily housing amount for the foreign housing cost exclusion for 2023? - 52.60 Under a Sec. 125 plan, all of the following benefits are qualified benefits ...

Under the Equal Payroll Act correct answerswage differentials based on a senority system are allowed. The FICA tax rates to be paid by employers are: correct answers(OASDI) 6.2% (HI) 1.45% Under the Federal income tax withholding law,_________________ is not defined as an employee. correct answersa partner The current minimum hourly wage is : correct answers7.25 ____________________________ payments are not taxable for FICA. correct answerswage supplements to cover the difference bet...

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