UPDATED 2024 CPP CERTIFIED
PAYROLL PROFESSIONAL APA MASTER
EXAM PRACTICE WITH CORRECT
ANSWERS
,UPDATED 2024 CPP CERTIFIED
PAYROLL PROFESSIONAL APA MASTER
EXAM PRACTICE WITH CORRECT
ANSWERS
PAYROLL TAX FORM:
1099-SA - CORRECT ANSWERSDISTRIBUTIONS FRON AN HSA, ARCHER MSA, OR MEDICARE ADVANTAGE
MSA
To report distributions from an items noted above. The distribution may have been paid directly to a
medical service provider or to the account holder.
PAYROLL TAX FORM:
2032 - CORRECT ANSWERSCONTRACT COVERAGE UNDER TITLE II OF THE SOCIAL SECURITY ACT
For use by an American ER to extend social security coverage to US citizens and resident aliens
employed by its foreign affiliates.
PAYROLL TAX FORM:
2159 - CORRECT ANSWERSPAYROLL DEDUCTION AGREEMENT
Form SS-8 - CORRECT ANSWERSDetermination of Worker Status for Purposes of Federal Employment
Taxes and Income Tax Withholding
Form W-9 - CORRECT ANSWERSFirst, it is used by third parties to collect identifying information to help
file information returns with the IRS.
,The form is never actually sent to the IRS, but is maintained by the person who files the information
return for verification purposes.
The information on the Form W-9 and the payment made are reported on a Form 1099.
The second purpose is to help the payee avoid backup withholding. The payer must collect withholding
taxes on certain reportable payments for the IRS. However, if the payee certifies on the W-9 they are
not subject to backup withholding they generally receive the full payment due them from the payer.
This is similar to the withholding exemptions certifications found on Form W-4 for employees.
Form SS-5 - CORRECT ANSWERSApply for an original Social Security card
Apply for a replacement Social Security card
Change or correct information on your Social Security number record
Form SS-4 - CORRECT ANSWERSApplication for Employer Identification Number (EIN)
Accounting equation (Balance Sheet) - CORRECT ANSWERSAssets = Liabilities + Capital
Assets - Liabilities = (Shareholders' or Owners' Equity)
Asset (Debit or Credit Normal Balance?) - CORRECT ANSWERSDebit
Expense (Debit or Credit Normal Balance?) - CORRECT ANSWERSDebit
Liability (Debit or Credit Normal Balance?) - CORRECT ANSWERSCredit
Capital (Debit or Credit Normal Balance?) - CORRECT ANSWERSCredit
Owners Equity (Debit or Credit Normal Balance?) - CORRECT ANSWERSCredit
, Revenue (Debit or Credit Normal Balance?) - CORRECT ANSWERSCredit
Escheat laws - CORRECT ANSWERSRefer to unclaimed property obligations. Companies who issue
checks-for wages, payroll, employee commissions, returnable garnishments, deferred compensation,
payroll services or bonuseshave a potential (and probable) unclaimed property obligation.
Schedule D (Form 941) - CORRECT ANSWERSto explain certain discrepancies (caused by acquisitions,
statutory mergers, and consolidations) between Forms W-2, Wage and Tax Statement (Copy A), and
Forms 941, Employer's QUARTERLY Federal Tax Return, for the totals of social security wages, Medicare
wages and tips, social security tips, federal income tax withheld, and advance earned income credit (EIC)
payments
Workweek for 14 and 15-year-olds - CORRECT ANSWERSOutside school hours, and on school days
including Fridays, no more than 3 hours.
No more than 8 hours on a non-school day.
When school is in session, no more than 18 hours per week.
No more than 40 hours during a week when school is out.
Between the hours of 7 a.m. And 7 p.m, extended to 9 p.m. Between June 1 and Labor Day.
1) Which form is used for Determination of Employee Work Status for Purposes of Federal Employment
Taxes and Income Tax Withholding?
A. Form I-9
B. Form SS-4
C. Form SS-5
D. Form SS-8 - CORRECT ANSWERSD
2) What amount must an independent contractor be paid for services rendered before an employer is
obligated to give them a 1099-MISC?
A. Once total reaches $600 or more
B. Total payments reach $600 or more for company's fiscal year
C. Total payments reach $600 or more for calendar year
D. Any individual payment makes during calendar year exceeding $600 - CORRECT ANSWERSC
PAYROLL PROFESSIONAL APA MASTER
EXAM PRACTICE WITH CORRECT
ANSWERS
,UPDATED 2024 CPP CERTIFIED
PAYROLL PROFESSIONAL APA MASTER
EXAM PRACTICE WITH CORRECT
ANSWERS
PAYROLL TAX FORM:
1099-SA - CORRECT ANSWERSDISTRIBUTIONS FRON AN HSA, ARCHER MSA, OR MEDICARE ADVANTAGE
MSA
To report distributions from an items noted above. The distribution may have been paid directly to a
medical service provider or to the account holder.
PAYROLL TAX FORM:
2032 - CORRECT ANSWERSCONTRACT COVERAGE UNDER TITLE II OF THE SOCIAL SECURITY ACT
For use by an American ER to extend social security coverage to US citizens and resident aliens
employed by its foreign affiliates.
PAYROLL TAX FORM:
2159 - CORRECT ANSWERSPAYROLL DEDUCTION AGREEMENT
Form SS-8 - CORRECT ANSWERSDetermination of Worker Status for Purposes of Federal Employment
Taxes and Income Tax Withholding
Form W-9 - CORRECT ANSWERSFirst, it is used by third parties to collect identifying information to help
file information returns with the IRS.
,The form is never actually sent to the IRS, but is maintained by the person who files the information
return for verification purposes.
The information on the Form W-9 and the payment made are reported on a Form 1099.
The second purpose is to help the payee avoid backup withholding. The payer must collect withholding
taxes on certain reportable payments for the IRS. However, if the payee certifies on the W-9 they are
not subject to backup withholding they generally receive the full payment due them from the payer.
This is similar to the withholding exemptions certifications found on Form W-4 for employees.
Form SS-5 - CORRECT ANSWERSApply for an original Social Security card
Apply for a replacement Social Security card
Change or correct information on your Social Security number record
Form SS-4 - CORRECT ANSWERSApplication for Employer Identification Number (EIN)
Accounting equation (Balance Sheet) - CORRECT ANSWERSAssets = Liabilities + Capital
Assets - Liabilities = (Shareholders' or Owners' Equity)
Asset (Debit or Credit Normal Balance?) - CORRECT ANSWERSDebit
Expense (Debit or Credit Normal Balance?) - CORRECT ANSWERSDebit
Liability (Debit or Credit Normal Balance?) - CORRECT ANSWERSCredit
Capital (Debit or Credit Normal Balance?) - CORRECT ANSWERSCredit
Owners Equity (Debit or Credit Normal Balance?) - CORRECT ANSWERSCredit
, Revenue (Debit or Credit Normal Balance?) - CORRECT ANSWERSCredit
Escheat laws - CORRECT ANSWERSRefer to unclaimed property obligations. Companies who issue
checks-for wages, payroll, employee commissions, returnable garnishments, deferred compensation,
payroll services or bonuseshave a potential (and probable) unclaimed property obligation.
Schedule D (Form 941) - CORRECT ANSWERSto explain certain discrepancies (caused by acquisitions,
statutory mergers, and consolidations) between Forms W-2, Wage and Tax Statement (Copy A), and
Forms 941, Employer's QUARTERLY Federal Tax Return, for the totals of social security wages, Medicare
wages and tips, social security tips, federal income tax withheld, and advance earned income credit (EIC)
payments
Workweek for 14 and 15-year-olds - CORRECT ANSWERSOutside school hours, and on school days
including Fridays, no more than 3 hours.
No more than 8 hours on a non-school day.
When school is in session, no more than 18 hours per week.
No more than 40 hours during a week when school is out.
Between the hours of 7 a.m. And 7 p.m, extended to 9 p.m. Between June 1 and Labor Day.
1) Which form is used for Determination of Employee Work Status for Purposes of Federal Employment
Taxes and Income Tax Withholding?
A. Form I-9
B. Form SS-4
C. Form SS-5
D. Form SS-8 - CORRECT ANSWERSD
2) What amount must an independent contractor be paid for services rendered before an employer is
obligated to give them a 1099-MISC?
A. Once total reaches $600 or more
B. Total payments reach $600 or more for company's fiscal year
C. Total payments reach $600 or more for calendar year
D. Any individual payment makes during calendar year exceeding $600 - CORRECT ANSWERSC
