Certified Payroll Professional (CPP) APA Master Exam Practice Guide

5/6/25, 4:39 PM CPP Certified Payroll Professional APA Master Exam Practice | Quizlet

Name: Score:


30 Multiple choice questions

Term 1 of 30
When a company purchases a computer on credit for $2,500, which of the following journal
entries is made?


A. Debit assets and debit liabilities
B. Debit assets and credit liabilities
C. Credit assets and debit liabilities
D. Credit assets and credit owner's equity

B. 20% of FICA and 1.5% of FIT

B. Debit assets and credit liabilities

A. Federal levy, child support payment, consumer garnishment


Application for Employer Identification Number (EIN)

Term 2 of 30
Supplemental Withholding <$1M

15%


22%


30%

10%




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, 5/6/25, 4:39 PM CPP Certified Payroll Professional APA Master Exam Practice | Quizlet

Term 3 of 30
44) Which of the following is a "de minimis" fringe and is excluded from taxable earnings?
A. $25 gift certificate for Rainbow Foods
B. $25 Target gift certificate
C. $25 company check
D. Gift certificate (e.g. Ham, Turkey)

C

B


D

A

Term 4 of 30
ER's Annual Information Return of Tip Income and Allocated Tips is Form:


A. 8027
B. 5500
C. 8109
D. SS8

C. Never

C. 01/31

A. 8027


c. Form SS-8




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