CPP Certified Payroll Professional APA 2025, Master Exam Practice 2025 Questions and Answers 100% Pass

CPP Certified Payroll Professional APA 2025, Master Exam Practice 2025 Questions and Answers 100% Pass 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 2Katelyn Whitman, All Rights Reserved © 2025 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?) - Debit Liability (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 Supportive Communication - Supportive communication is a style of communicating that has a specific set of goals and techniques. The primary goal of 3Katelyn Whitman, All Rights Reserved © 2025 supportive communication is to resolve conflict or achieve change in a situation while preserving, even strengthening, the relationship between the communicating individuals. This style of communication is used in many types of interpersonal interactions, such as those including a power differential, as is found between manager and employee, teacher and student, or parent and child. It is also effective when used between those with more equal power, such as spouses, business partners and friends. Learning these techniques can result in more effective communication. Standard Payroll System Reports - Standard reports are already set up within the payroll system and can be generated as required. These include reports on payroll audit, new hires, terminations, compensation changes, benefit costs and vacation. The payroll system user can define the parameters of the report such as limiting information to specific dates, departments and categories. Min Wage with Tips - The Fair Labor Standards Act (FLSA) requires payment of at least the federal minimum wage to covered, nonexempt employees. An employer of a tipped employee is only required to pay $2.13 an hour in direct wages if that amount plus the tips received equals at least the federal minimum wage, the employee retains all tips and the employee customarily and regularly receives more than $30 a month in tips. If an employee's tips combined with the employer's direct wages of at least $2.13 an hour do not equal the federal minimum hourly wage, the employer must make up the difference. 4Katelyn Whitman, All Rights Reserved © 2025 Some states have minimum wage laws specific to tipped employees. When an employee is subject to both the federal and state wage laws, the employee is entitled to the provisions which provides the greater benefits. 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. 5Katelyn Whitman, All Rights Reserved © 2025 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 2) What amount must an independent contractor be paid for services rendered before an employer is obligated to give them a 1099-MISC? A. Once total reaches $600 or more B. Total payments reach $600 or more for company's fiscal year C. Total payments reach $600 or more for calendar year D. Any individual payment makes during calendar year exceeding $