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CPP Practice Exam | 200 Questions with 100% Correct Answers | Updated & Verified
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From what taxes are cafeteria plan contributions generally exempt? A. SS, Medi, FIT, and FUTA B. FIT and SIT C. SS, Medi, FUTA, and SUI D. SS, Medi, FIT, and SIT - A. Social Security, Medicare, FIT, and FUTA Reference 4.5 Cafeteria Plans In which boxes on the W-2 would you report the adoption assistance? A. Boxes 3, 4, 5, 6 B. Boxes 1, 2, 3, 4, 5, 6, 12 - Code T C. Boxes 3, 4, 5, 6, 12 - Code A D. Boxes 3, 4, 5, 6, 12- Code T - D. Boxes 3, 4, 5, 6, 12- Code T Reference 3.3 - 7 Adoption Assistance Which account is generally listed first on a corporate balance sheet? A. Investments in subsidiary companies B. Land and improvements C. Prepaid expenses D. Buildings and other property - C. Prepaid expenses
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