LATEST 2026 CPP CERTIFIED PAYROLL
PROFESSIONAL APA MASTER EXAM PRACTICE
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Terms in this set (406)
Form SS-8 Determination of Worker Status for Purposes of
Federal Employment Taxes and Income Tax
Withholding
,Form W-9 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 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 Application for Employer Identification Number
(EIN)
, Accounting equation (Balance Sheet) Assets = Liabilities + Capital
Assets - Liabilities = (Shareholders' or Owners'
Equity)
Asset (Debit or Credit Normal Debit
Balance?)
Expense (Debit or Credit Normal Debit
Balance?)
Liability (Debit or Credit Normal Credit
Balance?)
Capital (Debit or Credit Normal Credit
Balance?)
Owners Equity (Debit or Credit Credit
Normal Balance?)
Revenue (Debit or Credit Normal Credit
Balance?)
Escheat laws 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.
PROFESSIONAL APA MASTER EXAM PRACTICE
Q&A 100% PASS
Play your way to mastery with fun games
Match Blocks Charms NEW
Terms in this set (406)
Form SS-8 Determination of Worker Status for Purposes of
Federal Employment Taxes and Income Tax
Withholding
,Form W-9 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 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 Application for Employer Identification Number
(EIN)
, Accounting equation (Balance Sheet) Assets = Liabilities + Capital
Assets - Liabilities = (Shareholders' or Owners'
Equity)
Asset (Debit or Credit Normal Debit
Balance?)
Expense (Debit or Credit Normal Debit
Balance?)
Liability (Debit or Credit Normal Credit
Balance?)
Capital (Debit or Credit Normal Credit
Balance?)
Owners Equity (Debit or Credit Credit
Normal Balance?)
Revenue (Debit or Credit Normal Credit
Balance?)
Escheat laws 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.
