[May-2022] The Best American Planning Association Study Guide for the CPP-Remote Exam [Q82-Q105]

NEW QUESTION 82
Which of the following is an example of a system edit?

A special panel or screen is used to input corrections

The payroll specialist re-enters an employee’s ZIP code

An on-line message alerts the user that a 401(k) deduction percent higher than the company allows was entered.

The system has an on-line report writer

NEW QUESTION 83
Under IRS suggested guidelines, an employee should be allowed a maximum of how many days after receiving an expense advance to provide substantiation for the amount to the employer?

90 days

60 days

30 days

45 days

NEW QUESTION 84
The term used to describe the breaking away from traditional theories and perceptions is:

Paradigm shift

Cognitive deviation

Pygmalion effect

Doctrinaire approach

NEW QUESTION 85
Which of the following plans describes a cafeteria plan under section 125 of the Internal Revenue code?

a quantified and accountable expense reimbursement plan

a tax-qualified retirement plan for public education institutions

a plan which permits employees to select two or more qualified taxable and nontaxable benefits

a plan whereby state government employees may request that pretax dollars be set aside in a retirement account until age 39

NEW QUESTION 86
Which of the following would not be included in the Needs Analysis stage of a system evaluation?

Review of the current system

Creating a current cost model

Defining the company’s technical direction

System testing

NEW QUESTION 87
Under the Immigration Reform and Control Act, employers and employees are required to complete which of the following forms:

W-4

I-9

SS-5

SS-4

NEW QUESTION 88
The fact that transactions affect two separate accounts of a business is called:

T-accounting

accrual accounting

compound-entry accounting

double-entry accounting

NEW QUESTION 89
Which for the following statements is true?

A company’s fiscal year must not be the same as the calendar year

A company’s fiscal year must be the same as the calendar year

A company may designate its fiscal year to cover 12 months that differ from the calendar year

A company must produce Forms W-2 at the end of its fiscal year regardless of the calendar

NEW QUESTION 90
Nice Guys Inc. has a short-term disability plan, provided by a third-party insurance company, for its factory workers. Employees do not pay for this benefit. Roberta received $400 a month for four months during the six-month coverage period. How did the third-party payer tax Roberta’s disability payments?

No tax was withheld on any payments

Federal Income tax was withheld on $400 in each of the four months

Social Security and Medicare taxes were withheld on the value of the premium paid by the employer

Social Security and Medicare taxes were withheld on $400 in each of the four months.

NEW QUESTION 91
A procedure to have a time record signed by an employee indicates:

authorization for payment

hours cannot be challenged

confirmation of total hours

time spent at the establishment

NEW QUESTION 92
Under the special accounting rule, employers may treat benefits earned near the end of the yare as having been earned in the subsequent year for tax and reporting purposes. Benefits for which month(s) may be treated as having been earned in the following tax year?

November and December

The last 3 months of the year

The last 6 months of the year

December only

NEW QUESTION 93
Employee data need not be entered in both the payroll system and the time and attendance system when which of the following is used?

An interface

Open systems

A firewall

A password

NEW QUESTION 94
A company has a gross payroll of $120,589.36. Federal taxes withheld are $24,117.87; combined social security and Medicare taxes withheld are $6,502.50. What is the company’s total tax liability for this pay period?

$37,122.87

$30.620.37

$42,568.04

$61,240.74

NEW QUESTION 95
Employee Dan, a sales representative, is reimbursed for business travel expenses incurred for out-of-town trips. Dan completes an expense report each month showing the date expenses were incurred and receipts substantiating the amount of the expenses. In August, Dan’s employer reimbursed travel expenses of $500 for meals, $1,200 for hotels, and $900 for airfare. Choose the answer that properly reflects the income Dan must declare and the corporate tax deduction that Dan’s employer may claim

Dan’s income =$500; Employer’s deduction = $2,350

Dan’s income =$0; Employer’s deduction = $2,600

Dan’s income =$250; Employer’s deduction = $2,600

Dan’s income =$0; Employer’s deduction = $2,350

NEW QUESTION 96
Under NACHA rules, employers are advised to retain a copy of the employee’s written authorization for direct deposit for at least:

3 years

2 years

1 year

4 years

NEW QUESTION 97
Which of the following is one of the purposes of a job description?

Provides security access and passwords to be assigned to the incumbent

Describes the experience, skills, knowledge, abilities, education, and training needed to perform the job.

Reinforces delineation between statutory employees and independent coworkers

Specifies frequency of interdepartmental meetings

NEW QUESTION 98
Which of the following records MUST be kept for four years?

OSHA records

time cards

voided payroll checks

hours worked

NEW QUESTION 99
Sick pay under a definite plan or system is NOT subject to mandatory federal income tax withholding when paid:

From a disability retirement plan

From an employer’s self-insured plan

By an agent of the employer

By a third-party insurance provider

NEW QUESTION 100
Under the FLSA, how many hours would be paid at time and one half for the following biweekly period, assuming that the employee is an assembly line worker?

8

0

20

10

NEW QUESTION 101
One of the employees of the Great Company called to report to the payroll department that his payroll check was incorrect. Which of the following is the most appropriate response or action for the payroll department representative who spoke to the caller?

Explain that due to the intense schedule under which payroll operates, someone will look into the problem before the next regular payday and make an adjustment at that time if one is warranted.

Record the caller’s name, employee number and telephone number, his analysis of the payroll check, including the reasons he believes his paycheck is incorrect, and provide a time and date for returning his call with a response to his inquiry.

Acknowledge immediately that a mistake is likely and assure the caller an adjustment will be processed the same day

Record the caller’s name and telephone number and promise to call him back as soon as time permits

NEW QUESTION 102
Penalties for failure to make timely deposits are determined by:

a four-tiered penalty structure based on the number of days the deposit is late

15% of the undeposited amount with a maximum of $100,000

a flat rate of 10% for late deposits

5% of the undeposited amount with a maximum of $100,000

NEW QUESTION 103
Which of the following statements describes a self-insured workers’ compensation plan?

The employer funds the workers’ compensation payments

The state pays the workers’ compensation payments

The wages will continue as if the employee is still working

The individual employee is responsible for his own insurance

NEW QUESTION 104
Which of the following is the primary purpose of an employee’s performance review?

To present a comparison of the salary of the employee to that of others in the department

To encourage performance that is on task with established goals

To convey the company’s financial goals for the next fiscal year

To document the justification for terminating an employee

NEW QUESTION 105
When making the federal payroll tax deposit, the accounting entry to record an advance payment of EIC would be:

Debit EIC payable, credit cash

Debit cash, credit EIC payable

Debit FIT payable, credit cash

Debit EIC payable, credit FICA payable

[May-2022] The Best American Planning Association Study Guide for the CPP-Remote Exam [Q82-Q105]

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