The Payroll Source CPP Practice Exam
2024 | CPP Payroll Source Exam Update
Latest 2024 Questions and Correct
Answers Rated A+
Which of the following is LEAST likely to be considered when looking
at the security of a new payroll system?
A. regular data back-up and storage
B. protection against computer viruses
C. limited system access
D. system edits -ANSWER-D. system edits
Company deadlines for payroll data input documents are essential for:
A. timely processing of the payroll
B. accurate entry of data
C. guaranteeing that all information is processed
D. adequate auditing purposes -ANSWER-A. timely processing of the
payroll
An employee earns $9 per hour and an additional 10 cents per hour
for hours worked after 7:00 p.m. If an employee works from 2:00p.m.
to 11:00p.m., with an unpaid meal break from 6:00 p.m. to 7:00p.m.,
Monday through Friday, what is the employee's weekly gross pay
under the Fair Labor Standards Act?
A. $360
B. $361
C. $362
D. $364 -ANSWER-C. $362 (40x$9)+(20x$.10)=$362
,The BEST reason for tracking pay-related problem statistics is to
enable Payroll to:
A. identify root causes and take actions to prevent similar recurrences
B. apologize to clients in a more professional manner
C. direct problems to those who caused the problem
D. justify more resources to handle more problems -ANSWER-A.
identify rout caused and take actions to prevent similar recurrences
With regard to employees' reported tips, the employer must:
A. withhold and pay only the employees' portion of social security and
Medicare taxes on tips
B. report taxes on tips separately when making an employment tax
deposit
C. report tips as wages on Form W-2 and pay the employer portion of
social security and Medicare taxes
D. report and pay the employer portion of social security and Medicare
taxes on the portion of cash tips above the federal minimum wage -
ANSWER-C. report tips as wages on Form W-2 and pay the employer
portion of social security and Medicare taxes
Transactions are recorded in chronological order into books of original
entry called:
A. registers
B. vouchers
C. invoices
D. journals -ANSWER-D. journals
The KEY advantage of using an automated time and attendance
system is that it:
A. identifies phantom employees
B. reduces errors
C. interfaces with the payroll system
,D. frees supervisors from having to review hours -ANSWER-B
reduces errors
As part of the implementation of a new payroll system, all transactions
from the most recent actual payroll are processed in the new system
prior to using the system to run payrolls. This is an example of what
type of testing?
A. compliance
B. back-up
C. ongoing
D. parallel -ANSWER-D. parallel
To exhibit good customer service skills, payroll staff must understand
and be able to explain:
A. payroll forms
B. benefits enrollment techniques
C. systems design decisions
D. strategic departmental direction -ANSWER-A. payroll forms
Under FLSA, what is the compensation due an employee whose rate
of pay is $8 per hour and who is paid for 52 hours during one
workweek, including 8 hours of sick pay?
A. $416
B. $432
C. $448
D. $464 -ANSWER-B. $432 (52 x $8) + ($8x.5x4) = $432
All of the following data elements are required to be maintained in the
employee masterfile EXCEPT:
A. social security number
B. birth date
C. marital status
, D. hourly rate of pay -ANSWER-C. marital status
Upward communication involves:
A. dissemination of management decisions to the staff
B. interactions between you and your manager
C. passing information to management
D. conducting quality circle meetings -ANSWER-C. passing
information to management
The fact that transactions affect two separate accounts of a business
is called:
A. compound-entry accounting
B. double-entry accounting
C. accrual accounting
D. T-accounting -ANSWER-B. double-entry accounting
A company pays all executives semimonthly. The FLSA requires all
other employees to be paid on:
A. a weekly cycle
B. a biweekly cycle
C. a semimonthly cycle
D. any established cycle -ANSWER-D. any established cycle
Calculate the employee's gross pay under the FLSA based on the
following data:
Rate of pay per hour: $8.00
Production bonus: $25.00
Shift differential per hour: $0.25
Total shift hours in workweek: 44
A. $380.64
B. $377.00
C. $404.50
2024 | CPP Payroll Source Exam Update
Latest 2024 Questions and Correct
Answers Rated A+
Which of the following is LEAST likely to be considered when looking
at the security of a new payroll system?
A. regular data back-up and storage
B. protection against computer viruses
C. limited system access
D. system edits -ANSWER-D. system edits
Company deadlines for payroll data input documents are essential for:
A. timely processing of the payroll
B. accurate entry of data
C. guaranteeing that all information is processed
D. adequate auditing purposes -ANSWER-A. timely processing of the
payroll
An employee earns $9 per hour and an additional 10 cents per hour
for hours worked after 7:00 p.m. If an employee works from 2:00p.m.
to 11:00p.m., with an unpaid meal break from 6:00 p.m. to 7:00p.m.,
Monday through Friday, what is the employee's weekly gross pay
under the Fair Labor Standards Act?
A. $360
B. $361
C. $362
D. $364 -ANSWER-C. $362 (40x$9)+(20x$.10)=$362
,The BEST reason for tracking pay-related problem statistics is to
enable Payroll to:
A. identify root causes and take actions to prevent similar recurrences
B. apologize to clients in a more professional manner
C. direct problems to those who caused the problem
D. justify more resources to handle more problems -ANSWER-A.
identify rout caused and take actions to prevent similar recurrences
With regard to employees' reported tips, the employer must:
A. withhold and pay only the employees' portion of social security and
Medicare taxes on tips
B. report taxes on tips separately when making an employment tax
deposit
C. report tips as wages on Form W-2 and pay the employer portion of
social security and Medicare taxes
D. report and pay the employer portion of social security and Medicare
taxes on the portion of cash tips above the federal minimum wage -
ANSWER-C. report tips as wages on Form W-2 and pay the employer
portion of social security and Medicare taxes
Transactions are recorded in chronological order into books of original
entry called:
A. registers
B. vouchers
C. invoices
D. journals -ANSWER-D. journals
The KEY advantage of using an automated time and attendance
system is that it:
A. identifies phantom employees
B. reduces errors
C. interfaces with the payroll system
,D. frees supervisors from having to review hours -ANSWER-B
reduces errors
As part of the implementation of a new payroll system, all transactions
from the most recent actual payroll are processed in the new system
prior to using the system to run payrolls. This is an example of what
type of testing?
A. compliance
B. back-up
C. ongoing
D. parallel -ANSWER-D. parallel
To exhibit good customer service skills, payroll staff must understand
and be able to explain:
A. payroll forms
B. benefits enrollment techniques
C. systems design decisions
D. strategic departmental direction -ANSWER-A. payroll forms
Under FLSA, what is the compensation due an employee whose rate
of pay is $8 per hour and who is paid for 52 hours during one
workweek, including 8 hours of sick pay?
A. $416
B. $432
C. $448
D. $464 -ANSWER-B. $432 (52 x $8) + ($8x.5x4) = $432
All of the following data elements are required to be maintained in the
employee masterfile EXCEPT:
A. social security number
B. birth date
C. marital status
, D. hourly rate of pay -ANSWER-C. marital status
Upward communication involves:
A. dissemination of management decisions to the staff
B. interactions between you and your manager
C. passing information to management
D. conducting quality circle meetings -ANSWER-C. passing
information to management
The fact that transactions affect two separate accounts of a business
is called:
A. compound-entry accounting
B. double-entry accounting
C. accrual accounting
D. T-accounting -ANSWER-B. double-entry accounting
A company pays all executives semimonthly. The FLSA requires all
other employees to be paid on:
A. a weekly cycle
B. a biweekly cycle
C. a semimonthly cycle
D. any established cycle -ANSWER-D. any established cycle
Calculate the employee's gross pay under the FLSA based on the
following data:
Rate of pay per hour: $8.00
Production bonus: $25.00
Shift differential per hour: $0.25
Total shift hours in workweek: 44
A. $380.64
B. $377.00
C. $404.50
