CPP Certified Payroll Professional APA
Master Exam Practice Complete Set
Actual Exam Questions And Correct
Answers | Updated
Already Passed!!
Form SS-8 - ANSWER : Determination of Worker Status for
Purposes of Federal Employment Taxes and Income Tax
Withholding
Form W-9 - ANSWER : 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 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 - ANSWER : 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 - ANSWER : Application for Employer Identification
Number (EIN)
Accounting equation (Balance Sheet) - ANSWER : Assets =
Liabilities + Capital
Assets - Liabilities = (Shareholders' or Owners' Equity)
Asset (Debit or Credit Normal Balance?) - ANSWER : Debit
Expense (Debit or Credit Normal Balance?) - ANSWER : Debit
Liability (Debit or Credit Normal Balance?) - ANSWER : Credit
Capital (Debit or Credit Normal Balance?) - ANSWER : Credit
Owners Equity (Debit or Credit Normal Balance?) - ANSWER :
Credit
Revenue (Debit or Credit Normal Balance?) - ANSWER : Credit
Escheat laws - ANSWER : 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) - ANSWER : 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 - ANSWER : 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.
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 - ANSWER : 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
$600 - ANSWER : C
3) Qualified real estate agents and direct sellers are which of the
following?
A. Statutory Employees
, B. Statutory Nonemployees
C. Employees
D. Independent Contractors - ANSWER : B
4) Under the common law test, the IRS examiners are to group
the evidence they gather into three general types or "categories"
Which of the following is not one of them?
A. Behavioral control
B. Financial control
C. Location of work
D. Relationship of the parties - ANSWER : C
5) Which of the following is not regulated by the FLSA?
A. Child labor
B. Overtime pay
C. Minimum Wage Rates
D. 8 hour work day - ANSWER : D
6) Agent-drivers, commission-drivers and full-time life insurance
salespersons are which of the following?
A. Statutory Employees
B. Statutory Nonemployees
C. Employees
D. Independent Contractors - ANSWER : A
7) There are three parts of the ABC test, which is not one of
them?
A. Business-unusual and/ or away
B. Risk of loss
C. Customarily independent contractor
D. Absence of control - ANSWER : B
8) Under the federal new hire reporting requirement how many
days does an employer have after hire date?
A. 10 days
Master Exam Practice Complete Set
Actual Exam Questions And Correct
Answers | Updated
Already Passed!!
Form SS-8 - ANSWER : Determination of Worker Status for
Purposes of Federal Employment Taxes and Income Tax
Withholding
Form W-9 - ANSWER : 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 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 - ANSWER : 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 - ANSWER : Application for Employer Identification
Number (EIN)
Accounting equation (Balance Sheet) - ANSWER : Assets =
Liabilities + Capital
Assets - Liabilities = (Shareholders' or Owners' Equity)
Asset (Debit or Credit Normal Balance?) - ANSWER : Debit
Expense (Debit or Credit Normal Balance?) - ANSWER : Debit
Liability (Debit or Credit Normal Balance?) - ANSWER : Credit
Capital (Debit or Credit Normal Balance?) - ANSWER : Credit
Owners Equity (Debit or Credit Normal Balance?) - ANSWER :
Credit
Revenue (Debit or Credit Normal Balance?) - ANSWER : Credit
Escheat laws - ANSWER : 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) - ANSWER : 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 - ANSWER : 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.
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 - ANSWER : 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
$600 - ANSWER : C
3) Qualified real estate agents and direct sellers are which of the
following?
A. Statutory Employees
, B. Statutory Nonemployees
C. Employees
D. Independent Contractors - ANSWER : B
4) Under the common law test, the IRS examiners are to group
the evidence they gather into three general types or "categories"
Which of the following is not one of them?
A. Behavioral control
B. Financial control
C. Location of work
D. Relationship of the parties - ANSWER : C
5) Which of the following is not regulated by the FLSA?
A. Child labor
B. Overtime pay
C. Minimum Wage Rates
D. 8 hour work day - ANSWER : D
6) Agent-drivers, commission-drivers and full-time life insurance
salespersons are which of the following?
A. Statutory Employees
B. Statutory Nonemployees
C. Employees
D. Independent Contractors - ANSWER : A
7) There are three parts of the ABC test, which is not one of
them?
A. Business-unusual and/ or away
B. Risk of loss
C. Customarily independent contractor
D. Absence of control - ANSWER : B
8) Under the federal new hire reporting requirement how many
days does an employer have after hire date?
A. 10 days
