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CPP-Remote Exam Dumps - Certified Payroll Professional

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Question # 9

If an employee working abroad with a tax home in a foreign country passes the "physical presence test," to what may the employee be eligible?

A.

Foreign service premium

B.

Employer-paid housing expenses

C.

Hardship allowance

D.

Income exclusions

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Question # 10

Use of which of the following contributes to the security of the payroll system?

A.

Field level access restriction

B.

Aggregate withholding

C.

Reversal entry

D.

Quality program

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Question # 11

At the time that wages are paid, an advance payment of EIC would be recorded as:

A.

Debit FIT payable, credit cash

B.

Debit cash, credit EIC payable

C.

Debit EIC payable, credit FICA payable

D.

Debit EIC payable, credit cash

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Question # 12

A company has a gross payroll of $120,589.36. Federal taxes withheld are $24,117.87; combined social security and Medicare taxes withheld are $6,502.50. What is the company's total tax liability for this pay period?

A.

$37,122.87

B.

$30.620.37

C.

$42,568.04

D.

$61,240.74

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Question # 13

Chicken Liken requires that all employees wear uniforms that are unique to chicken Liken restaurants. New employees are required to pay $40 for their uniforms from their first regular paycheck. Assume that it is September 2009, and one of ties new employees earns $8.20 per hour and works 42 hours in the first workweek ending September 18. What is the maximum that Chicken Liken can deduct from this employees wages for the uniform?

A.

$0

B.

$48.10

C.

$38.00

D.

$39.90

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Question # 14

The proper handling of a stop payment includes all of the following steps EXCEPT:

A.

notifying the bank account reconciliation employees

B.

documenting the reason for the transaction

C.

reversing the direct deposit

D.

cancelling the payment in the payroll system

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Question # 15

Assume that an independent contractor is a foreign person. What form is he most likely to complete?

A.

Form W-9

B.

Form W-8BEN

C.

Form W-4

D.

Form W-7

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Question # 16

Brenda receives a prize as a winner of a sales contest. The prize, which is paid from her sales manager's petty cash account, is $25. Which of the following best represents the impact on her taxable wages?

A.

The prize is a de minims gift and excluded from taxable wages

B.

The prize represents a "gift of detached generosity" and is excluded from taxable income

C.

The prize represents a non-accountable business expense reimbursement and is subject to FIT, FITW, FICA, and FUTA

D.

The prize is subject to FIT, FITW, FICA, and FUTA

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