2026 CPP Exam Prep with all Correct & 100% Verified
Answers |Latest Version |Already Graded A+
Social Security Wage Base for 2023 ✔Correct Answer-$160,200
Social Security Tax Rate ✔Correct Answer-6.2%
Medicare Wage Base ✔Correct Answer-None
Medicare Tax Rate ✔Correct Answer-1.45%
401k, 457, 408, Max Contribution for 2023 ✔Correct Answer-$22,500/$7,500 (catch up if over 50+)
Per Diem Rates ✔Correct Answer-$297
Optional Flat Rate Method ✔Correct Answer-22% / 37% if over $1m
Business Mileage Rate ✔Correct Answer-.655
Employer Provided Parking ✔Correct Answer-$300
Max Auto Value ✔Correct Answer-$60,800
Commuting Value Method ✔Correct Answer-$1.50/$3per day
Employer Adoption Assistance ✔Correct Answer-$15,950
Max for FSA ✔Correct Answer-$3,050 / Carryover $610
Max HSA ✔Correct Answer-$3,850
Minimum Wage ✔Correct Answer-$7.25
Cash Wage for Tipped Employees ✔Correct Answer-$2.13
What is the maximum amount that can be excluded from gross
income under the foreign earned income exclusion for 2023? ✔Correct Answer-$120,000
Housing Exclusion for foreign ✔Correct Answer-$36,000
Base Housing Cost for Forgein ✔Correct Answer-$19,200
FLSA Record Retention ✔Correct Answer-3 years
IRS Record Retention ✔Correct Answer-4 years
Civil Rights Record Retention ✔Correct Answer-1 yr from personnel date
ADEA ✔Correct Answer-Age Discrimination in Employment Act (3years)
, IRCA (Immigration Reform and Control Act) ✔Correct Answer-I-9 3 years or 1 yr from term date
FMLA Record Retention ✔Correct Answer-3 years
Walsh Healy Act Record Retention ✔Correct Answer-5 years
FUTA Record Retention ✔Correct Answer-4 years
I9 ✔Correct Answer-Employment Eligibility Verification
SS-4 ✔Correct Answer-Application for Employer Identification Number
SS-5 ✔Correct Answer-Application for a Social Security Card
SS-8 ✔Correct Answer-Determination of Worker Status for Purposes of Federal Employment Taxes
and Income Tax Withholding
W2 ✔Correct Answer-wage and tax statement (Due by Jan 31)
W3 ✔Correct Answer-Transmittal of Wage and Tax Statements
W3c ✔Correct Answer-Corrected Wage & Tax Statement
W4 ✔Correct Answer-Employee's Withholding Certificate
W4-P ✔Correct Answer-Withholding Certificate for Pension Payments
W4-S ✔Correct Answer-Request to Withhold from Sick Pay
W9 ✔Correct Answer-Request for Taxpayer Identification Number and Certification
668-D ✔Correct Answer-Release from Levy
668-W ✔Correct Answer-Notice of Levy on Wages, Salary, and Other Income
Form 940 ✔Correct Answer-Employer's federal unemployment tax is reported annually (Due Jan
31)
Schedule R ✔Correct Answer-Allocation Schedule for 940 Filers
Form 941 ✔Correct Answer-Employer's Quarterly Federal Tax Return
Form 941-X ✔Correct Answer-Adjusted Employer's Quarterly Federal Tax Return or Claim for
Refund
Form 943 ✔Correct Answer-Employer's Annual Federal Tax Return for Agricultural Employees
Form 944 ✔Correct Answer-Employer's Annual Federal Tax Return (less than $1,000)
Form 1042 ✔Correct Answer-Annual Tax Return for US Source Foreign Earned Income
Answers |Latest Version |Already Graded A+
Social Security Wage Base for 2023 ✔Correct Answer-$160,200
Social Security Tax Rate ✔Correct Answer-6.2%
Medicare Wage Base ✔Correct Answer-None
Medicare Tax Rate ✔Correct Answer-1.45%
401k, 457, 408, Max Contribution for 2023 ✔Correct Answer-$22,500/$7,500 (catch up if over 50+)
Per Diem Rates ✔Correct Answer-$297
Optional Flat Rate Method ✔Correct Answer-22% / 37% if over $1m
Business Mileage Rate ✔Correct Answer-.655
Employer Provided Parking ✔Correct Answer-$300
Max Auto Value ✔Correct Answer-$60,800
Commuting Value Method ✔Correct Answer-$1.50/$3per day
Employer Adoption Assistance ✔Correct Answer-$15,950
Max for FSA ✔Correct Answer-$3,050 / Carryover $610
Max HSA ✔Correct Answer-$3,850
Minimum Wage ✔Correct Answer-$7.25
Cash Wage for Tipped Employees ✔Correct Answer-$2.13
What is the maximum amount that can be excluded from gross
income under the foreign earned income exclusion for 2023? ✔Correct Answer-$120,000
Housing Exclusion for foreign ✔Correct Answer-$36,000
Base Housing Cost for Forgein ✔Correct Answer-$19,200
FLSA Record Retention ✔Correct Answer-3 years
IRS Record Retention ✔Correct Answer-4 years
Civil Rights Record Retention ✔Correct Answer-1 yr from personnel date
ADEA ✔Correct Answer-Age Discrimination in Employment Act (3years)
, IRCA (Immigration Reform and Control Act) ✔Correct Answer-I-9 3 years or 1 yr from term date
FMLA Record Retention ✔Correct Answer-3 years
Walsh Healy Act Record Retention ✔Correct Answer-5 years
FUTA Record Retention ✔Correct Answer-4 years
I9 ✔Correct Answer-Employment Eligibility Verification
SS-4 ✔Correct Answer-Application for Employer Identification Number
SS-5 ✔Correct Answer-Application for a Social Security Card
SS-8 ✔Correct Answer-Determination of Worker Status for Purposes of Federal Employment Taxes
and Income Tax Withholding
W2 ✔Correct Answer-wage and tax statement (Due by Jan 31)
W3 ✔Correct Answer-Transmittal of Wage and Tax Statements
W3c ✔Correct Answer-Corrected Wage & Tax Statement
W4 ✔Correct Answer-Employee's Withholding Certificate
W4-P ✔Correct Answer-Withholding Certificate for Pension Payments
W4-S ✔Correct Answer-Request to Withhold from Sick Pay
W9 ✔Correct Answer-Request for Taxpayer Identification Number and Certification
668-D ✔Correct Answer-Release from Levy
668-W ✔Correct Answer-Notice of Levy on Wages, Salary, and Other Income
Form 940 ✔Correct Answer-Employer's federal unemployment tax is reported annually (Due Jan
31)
Schedule R ✔Correct Answer-Allocation Schedule for 940 Filers
Form 941 ✔Correct Answer-Employer's Quarterly Federal Tax Return
Form 941-X ✔Correct Answer-Adjusted Employer's Quarterly Federal Tax Return or Claim for
Refund
Form 943 ✔Correct Answer-Employer's Annual Federal Tax Return for Agricultural Employees
Form 944 ✔Correct Answer-Employer's Annual Federal Tax Return (less than $1,000)
Form 1042 ✔Correct Answer-Annual Tax Return for US Source Foreign Earned Income
