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CPP Certified Payroll Professional APA Master Exam Practice Questions And Answers Verified 100% Correct!!

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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 Balance?) - Debit Expense (Debit or Credit Normal Balance?) - DebitLiability (Debit or Credit Normal Balance?) - Credit Capital (Debit or Credit Normal Balance?) - Credit Owners Equity (Debit or Credit Normal Balance?) - Credit Revenue (Debit or Credit Normal Balance?) - Credit 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. Schedule D (Form 941) -to explain certain discrepancies (caused by acquisitions, statutory mergers, and consolidations) between Forms W-2, Wage and Tax Statement (Copy A), and Forms 941, Employer's QUARTERLY Federal Tax Return, for the totals of social security wages, Medicare wages and tips, social security tips, federal income tax withheld, and advance earned income credit (EIC) payments Workweek for 14 and 15-year-olds - Outside school hours, and on school days including Fridays, no more than 3 hours. No more than 8 hours on a non-school day. When school is in session, no more than 18 hours per week. No more than 40 hours during a week when school is out. Between the hours of 7 a.m. And 7 p.m, extended to 9 p.m. Between June 1 and Labor Day. 1) Which form is used for Determination of Employee Work Status for Purposes of Federal Employment Taxes and Income Tax Withholding? A. Form I-9 B. Form SS-4 C. Form SS-5 D. Form SS-8 - D

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CPP Certified Payroll Professional APA
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