CPP Certified Payroll Professional APA|
update|COMPREHENSIVE QUESTIONS AND
VERIFIED ANSWERS (100% accurate solutions)|
ALREADY GRADED A+
Form SS-8 - (answers)Determination of Worker Status for Purposes of Federal
Employment Taxes and Income Tax Withholding
Form W-9 - (answers)First, 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 - (answers)Apply 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 - (answers)Application for Employer Identification Number (EIN)
Accounting equation (Balance Sheet) - (answers)Assets = Liabilities + Capital
Assets - Liabilities = (Shareholders' or Owners' Equity)
Asset (Debit or Credit Normal Balance?) - (answers)Debit
Expense (Debit or Credit Normal Balance?) - (answers)Debit
Liability (Debit or Credit Normal Balance?) - (answers)Credit
Capital (Debit or Credit Normal Balance?) - (answers)Credit
Owners Equity (Debit or Credit Normal Balance?) - (answers)Credit
Revenue (Debit or Credit Normal Balance?) - (answers)Credit
Supportive Communication - (answers)Supportive communication is a style of
communicating that has a specific set of goals and techniques. The primary goal of
supportive communication is to resolve conflict or achieve change in a situation
while preserving, even strengthening, the relationship between the communicating
individuals. This style of communication is used in many types of interpersonal
,interactions, such as those including a power differential, as is found between
manager and employee, teacher and student, or parent and child. It is also effective
when used between those with more equal power, such as spouses, business
partners and friends. Learning these techniques can result in more effective
communication.
Standard Payroll System Reports - (answers)Standard reports are already set up
within the payroll system and can be generated as required. These include reports
on payroll audit, new hires, terminations, compensation changes, benefit costs and
vacation. The payroll system user can define the parameters of the report such as
limiting information to specific dates, departments and categories.
Min Wage with Tips - (answers)The Fair Labor Standards Act (FLSA) requires
payment of at least the federal minimum wage to covered, nonexempt employees.
An employer of a tipped employee is only required to pay $2.13 an hour in direct
wages if that amount plus the tips received equals at least the federal minimum
wage, the employee retains all tips and the employee customarily and regularly
receives more than $30 a month in tips. If an employee's tips combined with the
employer's direct wages of at least $2.13 an hour do not equal the federal minimum
hourly wage, the employer must make up the difference.
Some states have minimum wage laws specific to tipped employees. When an
employee is subject to both the federal and state wage laws, the employee is
entitled to the provisions which provides the greater benefits.
Escheat laws - (answers)Refer 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) - (answers)to 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 - (answers)Outside 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 - (answers)D
update|COMPREHENSIVE QUESTIONS AND
VERIFIED ANSWERS (100% accurate solutions)|
ALREADY GRADED A+
Form SS-8 - (answers)Determination of Worker Status for Purposes of Federal
Employment Taxes and Income Tax Withholding
Form W-9 - (answers)First, 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 - (answers)Apply 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 - (answers)Application for Employer Identification Number (EIN)
Accounting equation (Balance Sheet) - (answers)Assets = Liabilities + Capital
Assets - Liabilities = (Shareholders' or Owners' Equity)
Asset (Debit or Credit Normal Balance?) - (answers)Debit
Expense (Debit or Credit Normal Balance?) - (answers)Debit
Liability (Debit or Credit Normal Balance?) - (answers)Credit
Capital (Debit or Credit Normal Balance?) - (answers)Credit
Owners Equity (Debit or Credit Normal Balance?) - (answers)Credit
Revenue (Debit or Credit Normal Balance?) - (answers)Credit
Supportive Communication - (answers)Supportive communication is a style of
communicating that has a specific set of goals and techniques. The primary goal of
supportive communication is to resolve conflict or achieve change in a situation
while preserving, even strengthening, the relationship between the communicating
individuals. This style of communication is used in many types of interpersonal
,interactions, such as those including a power differential, as is found between
manager and employee, teacher and student, or parent and child. It is also effective
when used between those with more equal power, such as spouses, business
partners and friends. Learning these techniques can result in more effective
communication.
Standard Payroll System Reports - (answers)Standard reports are already set up
within the payroll system and can be generated as required. These include reports
on payroll audit, new hires, terminations, compensation changes, benefit costs and
vacation. The payroll system user can define the parameters of the report such as
limiting information to specific dates, departments and categories.
Min Wage with Tips - (answers)The Fair Labor Standards Act (FLSA) requires
payment of at least the federal minimum wage to covered, nonexempt employees.
An employer of a tipped employee is only required to pay $2.13 an hour in direct
wages if that amount plus the tips received equals at least the federal minimum
wage, the employee retains all tips and the employee customarily and regularly
receives more than $30 a month in tips. If an employee's tips combined with the
employer's direct wages of at least $2.13 an hour do not equal the federal minimum
hourly wage, the employer must make up the difference.
Some states have minimum wage laws specific to tipped employees. When an
employee is subject to both the federal and state wage laws, the employee is
entitled to the provisions which provides the greater benefits.
Escheat laws - (answers)Refer 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) - (answers)to 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 - (answers)Outside 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 - (answers)D
