21-40 CPP Practice Exam Questions
and Correct Answers.
Under the FLSA, how long are employers required to keep records relating to wages, hours, and
conditions of employment? - Answer 3 Years
What is the payroll department manager responsible for in a company with strong internal
controls? - Answer Assuring segregation of duties in the department.
The process of balancing multiple time sheets within a specified pay period utilizes a procedure
know as: - Answer Batch Totaling
In 2022, an individual worked for three employers during the calendar year, earring $38,000, $
$47,000, and $50,000 respectively. What is the total amount of social security and Medicare
taxes that should be withheld form the employees wages by the three employers? - Answer
$10, 327.50
($38,000 + $47,000 + $50,000) x 7.65%= $10,327.50
On what form must mistakenly paid wages , for which no repayment is made, be reported? -
Answer W-2
A report has been requested that is NOT a standard report from the system. This type of report
is called a(n): - Answer Ad-hoc Report
A procedure to have a time record signed by an employee indicates: - Answer Confirmation
of total hours
For an employee earning $10.20 per hour and participates in a 401(k) plan with a deferral per
pay period of $50, compute the federal income taxable wages based on the following:
Biweekly pay period
Regular 80 hours
4 Hours Overtime
3 Hours Double Time - Answer $888.40
(80 x $10.20) + (4 x $10.20 x 1.5) + (3 x $10.20 x 2) - $50= $888.40
Which of the following statements are correct regarding federal tax levy? - Answer It is
continued each pay period until a release is levy is received.
and Correct Answers.
Under the FLSA, how long are employers required to keep records relating to wages, hours, and
conditions of employment? - Answer 3 Years
What is the payroll department manager responsible for in a company with strong internal
controls? - Answer Assuring segregation of duties in the department.
The process of balancing multiple time sheets within a specified pay period utilizes a procedure
know as: - Answer Batch Totaling
In 2022, an individual worked for three employers during the calendar year, earring $38,000, $
$47,000, and $50,000 respectively. What is the total amount of social security and Medicare
taxes that should be withheld form the employees wages by the three employers? - Answer
$10, 327.50
($38,000 + $47,000 + $50,000) x 7.65%= $10,327.50
On what form must mistakenly paid wages , for which no repayment is made, be reported? -
Answer W-2
A report has been requested that is NOT a standard report from the system. This type of report
is called a(n): - Answer Ad-hoc Report
A procedure to have a time record signed by an employee indicates: - Answer Confirmation
of total hours
For an employee earning $10.20 per hour and participates in a 401(k) plan with a deferral per
pay period of $50, compute the federal income taxable wages based on the following:
Biweekly pay period
Regular 80 hours
4 Hours Overtime
3 Hours Double Time - Answer $888.40
(80 x $10.20) + (4 x $10.20 x 1.5) + (3 x $10.20 x 2) - $50= $888.40
Which of the following statements are correct regarding federal tax levy? - Answer It is
continued each pay period until a release is levy is received.
