Exam (elaborations) The Payroll Source CPP Practice

The Payroll Source CPP Practice Exam LATEST

ACTUAL EXAM QUESTIONS AND CORRECT

ANSWERS (VERIFIED ANSWERS) |ALREADY

GRADED A+

, Which of the following 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 - CORRECT ANSWERS-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 - CORRECT ANSWERS-a. timely processing of the
payroll

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 - CORRECT ANSWERS-a. identify
root causes and take actions to prevent similar recurrences

With regard to EEs' reported tips, the ER must:
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