THE PAYROLL SOURCE CPP FINAL EXAM AND
PRACTICE EXAM NEWEST 2024 ACTUAL EXAM
COMPLETE 300 QUESTIONS AND CORRECT
DETAILED ANSWERS
Practice questions for this set
Learn 2 /7 Study with Learn
d. journals
Give this one a try later!
Transactions are recorded in chronological order into books of original entry called:
a. registers
b. vouchers
c. invoices
d. journals
All of the following techniques would enhance the level of customer service EXCEPT:
a. adding more customer service personnel
2 b. publishing payroll customer service procedures, calendars, and directories
c. utilizing automated call processing tools to take and process caller inquiries
d. training company management on pay calculation and tax withholding rules
, To build morale and motivate staff, a manager must:
a. give good reviews and raises
3 b. reward "stars" and promote competition within each team
c. delegate accountability to staff members
d. be sincere and specific with praise
During 2017, an EE worked for company A and quit after earning $130,000. Later in the
same year, the EE was hired by company B. With respect to social security, Medicare,
and FUTA, how should company B treat the EE's earnings as of the first wage payment?
a. Start accumulating social security, Medicare, and FUTA wages, and withhold both
social security and Medicare taxes.
4
b. Start accumulating Medicare wages only, and withhold only Medicare tax.
c. Start accumulating social security, Medicare, and FUTA wages, but withhold
Medicare tax only.
d. Start accumulating Medicare wages only, but withhold both social security and
Medicare taxes.
Don't know?
Terms in this set (82)
Which of the following d. system edits
features 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
,Company deadlines for a. timely processing of the payroll
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
The BEST reason for a. identify root causes and take actions to prevent
tracking pay-related similar recurrences
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
, With regard to EEs' c. report tips as wages on Form W-2 and pay the ER
reported tips, the ER must: portion of FICA taxes
a. withhold and pay only
the EEs' portion of FICA
taxes on tips
b. report tax on tips
separately when making
an employment tax
deposit
c. report tips as wages on
Form W-2 and pay the ER
portion of FICA taxes
d. report and pay the ER
portion of FICA taxes on
the portion of cash tips
above the federal
minimum wage
Transactions are recorded d. journals
in chronological order into
books of original entry
called:
a. registers
b. vouchers
c. invoices
d. journals
The KEY advantage of b. reduces errors
using an automated time
and attendance system is
that it:
a. identifies phantom EEs
b. reduces errors
c. interfaces with the
payroll system
d. frees supervisors from
having to review hours
PRACTICE EXAM NEWEST 2024 ACTUAL EXAM
COMPLETE 300 QUESTIONS AND CORRECT
DETAILED ANSWERS
Practice questions for this set
Learn 2 /7 Study with Learn
d. journals
Give this one a try later!
Transactions are recorded in chronological order into books of original entry called:
a. registers
b. vouchers
c. invoices
d. journals
All of the following techniques would enhance the level of customer service EXCEPT:
a. adding more customer service personnel
2 b. publishing payroll customer service procedures, calendars, and directories
c. utilizing automated call processing tools to take and process caller inquiries
d. training company management on pay calculation and tax withholding rules
, To build morale and motivate staff, a manager must:
a. give good reviews and raises
3 b. reward "stars" and promote competition within each team
c. delegate accountability to staff members
d. be sincere and specific with praise
During 2017, an EE worked for company A and quit after earning $130,000. Later in the
same year, the EE was hired by company B. With respect to social security, Medicare,
and FUTA, how should company B treat the EE's earnings as of the first wage payment?
a. Start accumulating social security, Medicare, and FUTA wages, and withhold both
social security and Medicare taxes.
4
b. Start accumulating Medicare wages only, and withhold only Medicare tax.
c. Start accumulating social security, Medicare, and FUTA wages, but withhold
Medicare tax only.
d. Start accumulating Medicare wages only, but withhold both social security and
Medicare taxes.
Don't know?
Terms in this set (82)
Which of the following d. system edits
features 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
,Company deadlines for a. timely processing of the payroll
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
The BEST reason for a. identify root causes and take actions to prevent
tracking pay-related similar recurrences
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
, With regard to EEs' c. report tips as wages on Form W-2 and pay the ER
reported tips, the ER must: portion of FICA taxes
a. withhold and pay only
the EEs' portion of FICA
taxes on tips
b. report tax on tips
separately when making
an employment tax
deposit
c. report tips as wages on
Form W-2 and pay the ER
portion of FICA taxes
d. report and pay the ER
portion of FICA taxes on
the portion of cash tips
above the federal
minimum wage
Transactions are recorded d. journals
in chronological order into
books of original entry
called:
a. registers
b. vouchers
c. invoices
d. journals
The KEY advantage of b. reduces errors
using an automated time
and attendance system is
that it:
a. identifies phantom EEs
b. reduces errors
c. interfaces with the
payroll system
d. frees supervisors from
having to review hours
