UPDATED 2024 THE PAYROLL SOURCE
CPP PRACTICE EXAM WITH ACCURATE
ANSWERS
,UPDATED 2024 THE PAYROLL SOURCE
CPP PRACTICE EXAM WITH ACCURATE
ANSWERS
The KEY difference between user guides and payroll policies and procedures is:
A. User guides focus on tasks associated with automated tools.
B. Payroll policies and procedures set company policies and standards
C. User guides help payroll personnel interpret company policy
D. Payroll policies and procedures permit human resources to design new compensation and benefits
programs - CORRECT ANSWERSA. User guides focus on tasks associated with automated tools.
A local national is defines as an employee:
A. from another country working in the U.S.
B. from the U.S. working in a foreign company
C. from a foreign company working in the U.S.
D. from a foreign country working in his or her home country location - CORRECT ANSWERSD. from a
foreign country working in his or her home country location
What is the effect of failing to record salaries that are earned but not paid at the end of an accounting
period?
A. understatement of expenses for the period
B. overstatement of expenses for the period
C. understatement of assets for the period
D. overstatement of liabilities for the period - CORRECT ANSWERSA. understatement of expenses for the
period
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 - CORRECT ANSWERSD. 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 - CORRECT ANSWERSA. 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 - CORRECT ANSWERSC. $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 - CORRECT ANSWERSA. 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
CPP PRACTICE EXAM WITH ACCURATE
ANSWERS
,UPDATED 2024 THE PAYROLL SOURCE
CPP PRACTICE EXAM WITH ACCURATE
ANSWERS
The KEY difference between user guides and payroll policies and procedures is:
A. User guides focus on tasks associated with automated tools.
B. Payroll policies and procedures set company policies and standards
C. User guides help payroll personnel interpret company policy
D. Payroll policies and procedures permit human resources to design new compensation and benefits
programs - CORRECT ANSWERSA. User guides focus on tasks associated with automated tools.
A local national is defines as an employee:
A. from another country working in the U.S.
B. from the U.S. working in a foreign company
C. from a foreign company working in the U.S.
D. from a foreign country working in his or her home country location - CORRECT ANSWERSD. from a
foreign country working in his or her home country location
What is the effect of failing to record salaries that are earned but not paid at the end of an accounting
period?
A. understatement of expenses for the period
B. overstatement of expenses for the period
C. understatement of assets for the period
D. overstatement of liabilities for the period - CORRECT ANSWERSA. understatement of expenses for the
period
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 - CORRECT ANSWERSD. 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 - CORRECT ANSWERSA. 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 - CORRECT ANSWERSC. $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 - CORRECT ANSWERSA. 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
