The Payroll Source CPP Practice Exam Questions and Answers(A+ Solution guide)

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 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