Certified Payroll Professional exam questions with answers

Certified Payroll Professional exam questions |\ |\ |\ |\ |\




with answers |\




Form SS-8 - CORRECT ANSWERS ✔✔Determination of worker
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status for purpose of federal employment taxes and income tax
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withholding. Can be filled out by the business or worker.
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Form W-4 - CORRECT ANSWERS ✔✔Employees withholding
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allowance certificate. Documents the amount of federal tax
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withholding.


Form SS-4 - CORRECT ANSWERS ✔✔Application for employer
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identification number. |\




Form 8233 - CORRECT ANSWERS ✔✔Exemption from withholding
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on compensation for independent personal services of a
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nonresident alien individual. The purpose is to claim an
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exemption from the withholding requirements.
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Form 1096 - CORRECT ANSWERS ✔✔Annual summary and
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transmittal of U.S. information returns. It is used to summarize
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each type of information return. A separate 1096 is to be filed
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with each group of returns. Forms 1097,1098,1099.
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Form 1042-T - CORRECT ANSWERS ✔✔Annual summary and
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transmittal of forms 1042-S. Summarize the income and taxes
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withheld amounts from all corresponding forms.
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,Form 1042-S - CORRECT ANSWERS ✔✔Foreign person's U.S.
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source income subject to withholding. To report income subject to
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withholding for foreign persons such as non resident aliens,
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foreign partnerships, foreign corporations, foreign estates and
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foreign trusts. Interests, rents, and royalties. Certain natural
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resource gains and certain gains on certain intellectual property.
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Form 1042 - CORRECT ANSWERS ✔✔Annual withholding tax
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return for U.S. source income of foreign persons.To report the
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amount of income tax withholding on certain income paid to non
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resident aliens, foreign partnerships, foreign corporations, foreign
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estates and foreign trusts.Form 1042 must be filed in any of the
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following criteria are met: Form 1042 is required to be filed or
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Gross investment income is paid to taxable foreign private
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foundations or Specified federal procurement payments are paid |\ |\ |\ |\ |\ |\ |\ |\


to any foreign person.
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Form SS-5 - CORRECT ANSWERS ✔✔Application for a Social
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Security Card. Apply for a new card or a replacement card or to
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make an existing card.|\ |\ |\




Form 1099-R - CORRECT ANSWERS ✔✔Distributions From
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Pensions, Annuities Retirement or Profit-Sharing Plans, IRA's
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Insurance Contracts ($10 or more) |\ |\ |\ |\




Form 1099-MISC - CORRECT ANSWERS ✔✔Miscellaneous Income
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is to report to each recipient and the IRS. -Royalties no less than
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$10 -Payments $600 or more for Rents, Services, Prizes and
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Awards, Other income payments and Attorneys.
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, Form W-9 - CORRECT ANSWERS ✔✔Request for Taxpayer
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Identification Number and Certification. The purpose is for the |\ |\ |\ |\ |\ |\ |\ |\ |\


payer to obtain the correct identification number.
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Form W-2C - CORRECT ANSWERS ✔✔Correct errors on W-2's. Only
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update incorrect fields.
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Form W-3 - CORRECT ANSWERS ✔✔Essentially the "Cover Sheet"
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for the transmittal of Forms W-2.*250 or more forms, you must
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file electronic (Form W-3 is not required for electronic filing)
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Form W-3C - CORRECT ANSWERS ✔✔Required whenever a Form
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W-2C (Copy A) is filed in paper form.
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Employee(Common Law Employee) - CORRECT ANSWERS |\ |\ |\ |\ |\ |\


✔✔Anyone who performs services for you is your employee if you
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can control what will be done and how it can be done
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Independent Contractor - CORRECT ANSWERS ✔✔The general |\ |\ |\ |\ |\ |\ |\


rule is that an individual is an independent contractor if the
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payer has the right to control or direct only the result of the work
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and not what will be done and how it is done.
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Temporary Agency/Leased Employee - CORRECT ANSWERS |\ |\ |\ |\ |\ |\


✔✔Employees are hired by temporary help services and send the |\ |\ |\ |\ |\ |\ |\ |\ |\


workers to companies who need employees. A leased employee
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is an employee whose service is leased from a company that
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