CPP Practice Exam Questions With Correct Answers.

Which of the following features is LEAST likely to be considered when looking at the security of a new payroll system? - 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 - Timely processing of the payroll An employee earns $9 per hour and an additional 10 cents per hour for hours worked after 7pm. If an employee works from 2-11pm, with an unpaid meal break from 6-7pm Monday through Friday, what is the employees weekly gross pay under the Fair Labor and Standards Act? - $362 (40 x $9) + (20 x $00.10) = $362 The BEST reason for tracking pay related problem statistics is to enable payroll to: - Identify root causes and and take actions to prevent similar recurrences. With regard to employees' reported tips, the employer must: - 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: - Journals The KEY advantage in using an automated time and attendance system is that of: - 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. ongoingD. parallel - Parallel