The payroll source cpp - Study guides, Class notes & Summaries

The Payroll Source CPP Practice Exam Questions And Correct Answers 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 - answerd. 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 inform...

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 editsD. 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 purposesA. timely processing of the payroll ...

Registered Pension Plan - Answer- refers to an arrangement offered by an employer or union to provide retirement benefits to plan members in the form of periodic payments during retirement. Defined benefit (DB) pension plan - Answer- refers to a registered pension plan that provides benefits based on the plan member's years of service and earnings. Defined contribution (DC) pension plan - Answer- refers to a registered pension plan that provides benefits based on the amount accumulated in...

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UPDATED 2024 THE PAYROLL SOURCE CPP PRACTICE EXAM WITH ACCURATE ANSWERS

CPP Practice Exam 208 Questions with Verified Answers 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 ANSWER A. Social Security, Medicare, FIT, and FUTA Reference 4.5 Cafeteria Plans In which boxes on the W-2 would you report the adoption assistance? A. Boxes 3, 4, 5, 6 B. Boxes 1, 2, 3, 4, 5, 6, 12 - Code T C. Boxes 3, 4, 5, 6, 12 - Code A D. Boxes 3...

THE PAYROLL SOURCE CPP FINAL EXAM/WITH ALL CHAPTERS TESTED & CONFIRMED ANSWERS//. 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 D. $464 - CORRECT ANSWERS -B. $432 (52 x $8) + ($8x.5x4) = $432 All of the following data elements are required to be maintained in the employee masterfile EXCEPT: A. social security number B. birth date C. marital ...

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 - ️️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 - ️️A. timely processin...

Payroll Fundamentals 2 Exam 150 Questions with Verified Answers The accounting equation states: - CORRECT ANSWER Assets = Liabilities + Owners Equity Owner's Equity has two components: - CORRECT ANSWER Owner's Equity = Contributed Capital + Retained Earnings Contributed Capital - CORRECT ANSWER The amount of payments in cash or assets that the owners have made to the company The accounting equation can be expanded to: - CORRECT ANSWER Assets = Liabilties + Contributed Capital + Ret...