CERTIFIED PAYROLL PROFESSIONAL
EXAM (CPP) PART 1 2026 ACTUAL
QUESTIONS WITH VERIFIED ANSWERS.
W4 - correct answer-Form W-4 (otherwise known as the
"Employee's Withholding Allowance Certificate")[1] is an
Internal Revenue Service (IRS) tax form completed by an
employee in the United States to indicate his or her tax
situation (exemptions, status, etc.) to the employer. The W-4
form tells the employer the correct amount of tax to withhold
from an employee's paycheck.
W4P - correct answer-U.S. citizens, resident aliens, or their
estates who are recipients of pensions, annuities, and certain
other deferred compensation use Form w-4P to tell payers the
correct amount of federal income tax to withhold from their
payment(s).
W4S - correct answer-Give this form to the third-party payer of
your sick pay, such as an insurance company, if you want
federal income tax withheld from the payments.
, 940 - correct answer-Use Form 940 to report your annual
Federal Unemployment Tax Act (FUTA) tax. Together with state
unemployment tax systems, the FUTA tax provides funds for
paying unemployment compensation to workers who have lost
their jobs. Most employers pay both a federal and a state
unemployment tax. Only employers pay FUTA tax.
941 - correct answer-Form 941 is a quarterly report of wages
paid to employees and withholdings made by employers. It also
includes information on the employer's share of Medicare and
Social Security taxes during the period reported. 941 forms
must be mailed or e-filed to the IRS. Schedule D on the 941 is
to explain discrepancies caused by acquisistions.
941-M - correct answer-Employers that fail to w/h or deposit
taxes or file returns on time.
941X - correct answer-The IRS requires businesses to report
Form 941 errors on Form 941X, the Adjusted Employer's
Quarterly Federal Tax Return or Claim for Refund.Form 941X is
a stand-alone form that relates line-by-line to Form 941.
EXAM (CPP) PART 1 2026 ACTUAL
QUESTIONS WITH VERIFIED ANSWERS.
W4 - correct answer-Form W-4 (otherwise known as the
"Employee's Withholding Allowance Certificate")[1] is an
Internal Revenue Service (IRS) tax form completed by an
employee in the United States to indicate his or her tax
situation (exemptions, status, etc.) to the employer. The W-4
form tells the employer the correct amount of tax to withhold
from an employee's paycheck.
W4P - correct answer-U.S. citizens, resident aliens, or their
estates who are recipients of pensions, annuities, and certain
other deferred compensation use Form w-4P to tell payers the
correct amount of federal income tax to withhold from their
payment(s).
W4S - correct answer-Give this form to the third-party payer of
your sick pay, such as an insurance company, if you want
federal income tax withheld from the payments.
, 940 - correct answer-Use Form 940 to report your annual
Federal Unemployment Tax Act (FUTA) tax. Together with state
unemployment tax systems, the FUTA tax provides funds for
paying unemployment compensation to workers who have lost
their jobs. Most employers pay both a federal and a state
unemployment tax. Only employers pay FUTA tax.
941 - correct answer-Form 941 is a quarterly report of wages
paid to employees and withholdings made by employers. It also
includes information on the employer's share of Medicare and
Social Security taxes during the period reported. 941 forms
must be mailed or e-filed to the IRS. Schedule D on the 941 is
to explain discrepancies caused by acquisistions.
941-M - correct answer-Employers that fail to w/h or deposit
taxes or file returns on time.
941X - correct answer-The IRS requires businesses to report
Form 941 errors on Form 941X, the Adjusted Employer's
Quarterly Federal Tax Return or Claim for Refund.Form 941X is
a stand-alone form that relates line-by-line to Form 941.
