APA Certified Payroll Professional (CPP) Practice Exam

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• Which activity is subject to a taxable benefit at a set rate?
• A student is exempt from Social Security and Medicare tax when holding what visa?
• What is the primary objective of the Equal Pay for Equal Work provision under FLSA?
• What is the maximum employee contribution to a 401(k) for the year 2016?
• Qualified real estate agents and direct sellers are categorized as which of the following?
• Which form reports long-term care and accelerated death benefits?
• Under the IRC, which section regulates cafeteria plans?
• Form W-3 is necessary for what purpose?
• Which of the following is NOT governed by the Fair Labor Standards Act (FLSA)?
• Under the reasonable basis test, which of the following does not support a worker being treated as an independent contractor?
• Which of the following is NOT a type of withholding rate mentioned?
• Which form would typically be filed to verify a worker's employment tax status?
• The final FUTA payment for the year is due on:
• Which IRS form is typically used by employees to claim exemptions from withholding?
• Which of the following forms is not related to reporting tips or income from pensions?
• Which management style emphasizes coaching and personal development of employees?
• What must nonresident aliens do on a Form W-4?
• Which Box 12 Code is associated with Section 401(k) elective deferrals?
• What is the Foreign Earned Income Exclusion limit for the tax year?
• Nontaxable Third Party Sick Pay is reported in Box 12, preceded by which code?
• What form is issued to report annual unemployment taxes?
• Which of the following is not one of the types of employment that are exempt from FUTA?
• What is the purpose of the payroll deduction agreement form 2159?
• Who determines the maximum amount that can be withheld from an employee's wages for child or spousal support?
• If an employer cannot collect Social Security/Medicare due on reported tip income, what must they do?
• What is a key characteristic of the leadership style known as Theory Z?
• What is the FUTA taxable wage base for the year 2018?
• What is a disadvantage of using vendor-supplied software for payroll processing?
• Which tax is not withheld from an employee's paycheck?
• Which of the following may not be regulated by state law?
• Which tax form would an employee at a foreign affiliate of a U.S. company need if they are seeking social security coverage?
• Which of the following is not one of the SSA's verification methods available to employers for verifying Social Security Numbers?
• Which management theory reviews the differences between managers and leaders?
• Which of the following is not a planning concern?
• What minimum hourly wage must a computer professional earn to be exempt from overtime requirements under the FLSA?
• In which boxes on the W-2 should adoption assistance be reported?
• What happens when a monthly depositor accumulates $100,000 in tax liability on any day during a month?
• Where does the employer send electronic pay transactions for deposit after authorization for EFT is given?
• What is the maximum employee contribution limit for a 401(k) plan?
• A 20% employee discount on services qualifies as tax-free if:
• Which tax form is used to report distributions from an HSA or Medicare Advantage MSA?
• What type of employee needs to use the 4070 form?
• What is the ER's Annual Information Return of Tip Income and Allocated Tips, known as Form?
• Under the federal new hire reporting requirement, how many days does an employer have after the hire date?
• Which of the following is not generally an element found within performance evaluation systems?
• If a company has current assets of $150,000.00 and total liabilities of $240,000.00, what is the company owner's equity?
• Of the following accounts, which does not have a normal balance as a debit?
• What is the maximum catch-up contribution for 401(k) plans for individuals over age 50?
• Which payroll tax is paid by both the employer and employee?
• What is not a disadvantage of an in-house microcomputer network?
• What is the maximum amount for 2018 that an employee may elect to defer to a 457 plan?
• Once GTL Insurance coverage becomes taxable, it is subject to which tax types?
• Which of the following represents a taxable fringe benefit?
• Which of the following is used to deposit withheld federal income and employment taxes?
• What is the purpose of payroll tax form 673?
• When is the due date for filing form 1042-S?
• What is not an advantage of customized software?
• Which of the following statements about the tip credit is correct?
• What is the definition of equity in accounting?
• Which form must employees file annually to take advantage of advance Earned Income Credit (EIC)?
• For employees under 50, what is the annual contribution limit for a 401(k) plan in 2023?
• Exempt, hourly paid computer professionals must be paid not less than how much per hour?
• Which document outlines the employment eligibility verification process?
• Which of the following best describes the main focus of the planning function in management?
• What is the name of the form used for the Annual Return/Report of EE Benefit Plan?
• Which form is used by employees to report tips received to their employer?
• Employers are assigned one of two depositor status classifications for Payroll Tax Deposit Rules. Which of the following is correct?
• Which of the following skills is not considered a management skill?
• Who enforces the Federal Wage-Hour Law?
• Which statement is not true of an accountable plan?
• For tax purposes, what does Form W-3 facilitate?
• Which benefit is NOT included in the regular rate for the calculation of overtime pay?
• The shortfall rule allows an employer to deposit what percentage of their payroll tax liability without a penalty?
• What is the significance of the $128,400 limit?
• Which of the following locations would not qualify as a foreign country under the 911 exclusion?
• Under a 125 plan, which federal taxes are pretax deductions subject to?
• Which of the following documents has a two-year retention period?
• What is the least hourly wage that Bob's employer may pay him, given that he works in Massachusetts with a minimum wage of $8.00 per hour?
• What is the federal minimum wage for tipped employees, so long as their tips meet the minimum hourly wage?
• What is the primary purpose of Form SS-8?
• Which form is required to apply for an Individual Taxpayer Identification Number (ITIN)?
• To calculate disposable earnings, which of the following is subtracted from total earnings?
• What is the federal minimum wage rate?
• Using the special accounting rule, what can an employer do regarding fringe benefits?
• Which of the following is not currently a popular management theory?
• What type of expense might you categorize prepaid property taxes as on a balance sheet?
• What is the flat withholding rate for supplemental wage payments for 2018?
• What is the maximum amount for 2018 that an employee may elect for FSA dependent care?
• Which of the following is a component of a “Cafeteria Plan”?
• What is the credit percentage if an employer receives a full credit on FUTA for 2018?
• Expenses on a job-related move can be considered deductible when which condition is met?
• Which is a "working condition" fringe benefit?
• Which type of benefit payments are exempt from all employment tax and withholding due to work-related injuries?
• What is the federal income tax withholding rate for non-wage payments for individuals without a TIN?
• What is the maximum hourly Tip Credit allowed?
• What type of income are US citizens and resident aliens subject to for federal income tax purposes?
• What does the 972CG form represent?
• What is the maximum amount excluded from income by law in 2018 for transit passes?
• What do the letters CROME represent in the context of FLSA coverage?
• What is the limit for Group Term Life Insurance without tax implications?
• For what purpose is Form W-9 maintained by the payer?
• Which of the following requires an employee's signature?
• What is the effective FUTA tax rate for the year 2018?
• How is the workweek defined for a 14 and 15-year-old when school is not in session?
• A worker may waive the right to be classified as an employee:
• Which group is defined as nonexempt under the Fair Labor Standards Act (FLSA)?
• When is an employee not subject to FICA tax?
• What is not an advantage of off the shelf software?
• When does COBRA coverage become effective in the case of Bob's unpaid leave?
• Which form must be completed to request federal income tax withheld from third-party sick pay?
• What are escheat laws?
• Which amount represents the maximum allowable education assistance provided by employers?
• When employers are determining their quarterly FUTA tax liability for the first three calendar quarters, what should they assume?
• A manager building a successful team must deal with employees who have different personal styles. Each of the following styles is represented on a team other than:
• What does Form W-2 report?
• Which of the following is not one of the three "P" of management?
• What can an employee do if they work for multiple employers and have exceeded the Social Security wage base?
• How many days must an employee have worked for an employer before a Form 940 needs to be filed if they work in any 20 weeks of the current or preceding calendar year?
• Under the common law test, which of the following is NOT a relevant evidence category?
• Which form is used to report backup withholding?
• What happens when a payee certifies on Form W-9 that they are not subject to backup withholding?
• What does the term "constructive payment" refer to?
• Which element is not a type of taxable wage according to IRS guidelines?
• What is the maximum amount allowed for adoption assistance?
• What is the W-2 reporting requirement for supplemental wages under $1 million?
• What is the deadline to file form 1042 for reporting tax on foreign persons' income?
• Which of the following best describes a cafeteria plan under Section 125 of the IRC?
• Which form is utilized for determining employee work status for federal tax purposes?
• What information does payroll tax form 668-D provide?
• In time management, which combination of time categories indicates you are in a crisis mode and putting out fires?
• When is the shortfall due for a semiweekly depositor whose payday is on Friday, and deposits 98% of its accumulated payroll tax liability the following Wednesday?
• When a company purchases a computer on credit for $2,500, which of the following journal entries is made?
• What is classified as a "No-additional-cost service"?
• Which form would be used for reporting accumulated sick payments made to an employee?
• What is the federal minimum wage for tipped employees?
• Which of the following is an acceptable form for the employer to report allocated tips to the IRS?
• By what date must an employer generally file Form 940 for the previous year's FUTA liability?
• All 2016 Copy A of Form W-2 and Form W-3 must be filed with the SSA by what date following the calendar year in which the wages were paid?
• When employers are required to issue a 1099-MISC, which of the following is a true statement regarding payments made to independent contractors?
• In a computer system, what is the organization of related data called?
• What is form W-9 primarily used for?
• What form would be used if an employer/employee desires a ruling on a worker's status?
• What is the maximum amount excluded from income by law in 2018 for employer-provided parking?
• Which form is used to apply for an original Social Security card?
• What are the journal entries required to record federal income tax withheld?
• Which form must an employer continue to withhold payments until receiving?
• How is the term "Per Diem" best defined?
• In which box on Form W-2 should allocated tips be reported?
• For an employee receiving various attachments to their wages, the federal levy must be prioritized over which of the following?
• According to federal law, which statement about the employment of minors is true?
• If an employer mailed their payroll tax deposits through the US Postal Service, the deposits would be considered timely if postmarked at least how many days before due date?
• What is not part of selecting a computerized payroll system?
• Which management skill involves having the right person with the right job?
• Of the following accounts, which is not a liability account?
• What is the purpose of the ACH file in payroll processing?
• What is the maximum amount of employer-provided group term life insurance that can be excluded from an employee's income?
• What is form 945 used to report?
• What does the term "accounting period" refer to?
• Which agency is primarily responsible for regulating wage and hour laws?
• A covered full-time employee must be allowed how many weeks off under the Family and Medical Leave Act?
• What does form 668-W pertain to?
• What is one of the primary purposes of Schedule D (Form 941)?
• Which of the following is not a part of the ABC test?
• Which deferred plan is primarily utilized by public school employees?
• During what period can Health Care Flexible Spending Arrangements reimburse medical expenses?
• What is the Dependent Care Limit for tax purposes?
• What do Designated Roth contributions under a section 401(k) plan correspond to in Box 12 Codes?
• What is the amount of adoption assistance that is excluded from income tax?
• Of the following, which is not on the income statement?
• What is the supplemental federal withholding rate for earnings over $1 million?
• Which of the following is true about the 1099-R form?
• The taxable and tax amounts for employer paid GTL premiums for coverage over $50,000 are reported on the W-2 as:
• Form SSA-131 is specifically used to report which type of payments?
• If a new hire does not submit a W-4 and is married with three children, what withholding status is used for calculating withholding?
• What is the formula for an Income Statement?
• Who is required to file form 944?
• Which of the following is one of the five steps of empowerment?
• What is the limit for qualified parking benefits per month?
• After a new system has been selected and approved, what is the next step in the selection process?
• What is the maximum dependent care limit for tax purposes?
• Under the FLSA, what does the term "overtime" refer to?
• What is the main purpose of Form W-4?
• A Manager should never delegate to his or her subordinate which of the following?
• What does the term "liability" refer to?
• What term describes wages that are taxable and subject to employment tax when made available to employees?
• What is the requirement for an athletic facility to provide tax-free benefits?
• What is the current federal minimum wage per hour?
• What is the total tax-exempt amount for tuition assistance offered by employers?
• What type of visa do students typically hold?
• What is the maximum contribution for a section 457 plan?
• When must an employer file a Form 940?
• Which management theory characterizes the Japanese style?
• What can an employer refuse to do regarding certain deductions?
• What should an employer do regarding a terminated employee's final paycheck?
• What is the primary purpose of form 943?
• How is an expense defined?
• What minimum amount in tips must an employee receive in a month to be considered a tipped employee?
• The Experience Rate System measures which of the following for the employer?
• What does it mean when two systems are interfaced?
• On form W-2, what box is used to report wages, tips, and other compensation?
• For employees under age 50, what is the maximum contribution to a 401k plan?
• A retirement plan in the form of an annuity or mutual fund for employees of public sector employers is referred to as:
• Form SS-4 is used for which of the following?
• What is the percentage rate for "backup withholding" in 2018?
• What percentage is withheld for supplemental income under $1 million?
• Form SS-4 is designed for which entity type?
• What type of leave does Bob decide to take after his disability?
• Which of the following is not a type of retirement plan?
• What is a primary advantage of outsourcing payroll processing to a service provider?
• What does BOX 12 CODE 'S' represent?
• Which of these is a key requirement of recordkeeping under FLSA?
• What is the standard mileage rate for business miles driven this year?
• An employer that pays contributions to more than one state UI fund must file:
• What information is provided by Form SS-8?
• Which of the following is one of Stephen Covey's principles of principle-centered leadership?
• What does ADP represent in payroll terms?
• Wages paid after an employee's death in the calendar year after their death are taxable for which categories?
• What type of balance is expected for capital accounts?
• Which of the following is not covered under the FLSA?
• Which of the following is NOT a statutory non-employee classification?
• Which of the following codes is linked to non-qualified deferred compensation?
• Bob is expected to be available in the office at specified times. Bob is classified as:
• For which of the following circumstances would a taxpayer likely file a form W-4?
• What income limit triggers federal income tax for U.S. citizens?
• ADEA requires employers to retain records of an employee's name, address, date of birth, occupation, pay rate, and compensation for how long?
• What is the lookback period for calendar year 2016 for Payroll Tax Deposit Rules?
• When reporting wages, which of the following is included in gross income?
• FLSA requires certain records to be kept by all covered employers for all employees and retained for how many years?
• Wages paid after the year of death are reported on which form?
• What does OASDI stand for?
• Which Box 12 Code represents medical savings account contributions?
• What does CODA stand for in payroll terminology?
• Which payroll tax form is known as the annual return of withheld federal income tax?
• In which W-2 box must allocated tips be reported?
• What is the Balance Sheet formula represented by the acronym ALOE?
• What is the required retention period for an employee's W-4 by the employer?
• From which of the following taxes are cafeteria plan contributions generally exempt?
• What qualifies a 20% employee discount on services as tax-free?
• How long must an employer retain an employee's W-4 after the tax return due date?
• An employee is struggling with state-mandated changes in handling child support payments. What style of manager is most likely to be effective in handling the employee's performance gap?
• What is not part of the system security?
• For supplemental income over $1 million, what is the withholding rate?
• What does the term "backup withholding" refer to?
• What is the employee Social Security tax rate?
• Any property or service that an employer provides to an employee on an infrequent or sporadic basis, if the value is minimal, is considered:
• What is the penalty percentage assessed on improperly classified employees for FICA tax?
• What is the opportunity wage for employees under 20 in their first 90 days?
• Which form is used for employers to report their quarterly federal payroll taxes?
• What is the exclusion limit for education assistance from taxable income?
• What amount must be paid to an independent contractor before a 1099-MISC is required?
• In tax reporting, what does Box 12 Code "Y" signify?
• Which law establishes minimum wage and overtime standards for non-exempt employees?
• What action can an employee take using form 2159 to avoid a federal tax levy?
• For an expense that was accrued last month, what action is needed in the next month?
• The Family and Medical Leave Act of 1993 is enforced by which department?
• What is the 2018 social security wage base?
• How much is the taxable moving mileage rate?
• Entering an amount on the left side of an account is known as what?
• In overtime pay calculations, which one is included in the regular rate?
• According to the Fair Labor Standards Act (FLSA), when are employers required to give employees paid vacations or time off on national holidays?
• What amount of employment tax liability must an employer reach before the one-day deposit rule is in effect?
• Which of the following is NOT regulated by the Fair Labor Standards Act (FLSA)?
• Tip allocations are needed if the total tips reported are less than what percentage of the employer's gross receipts?
• What does the acronym DISH stand for in the context of statutory employees?
• What is the primary purpose of Form I-9?
• In which state does Bob's employer determine his minimum wage based on his work location?
• What is indicated by the BOX 12 code Z?
• What is not a disadvantage of vendor supplied software packages?
• What is the function of form 940?
• What does form 1096 accomplish?
• What is the current Social Security rate for employees?
• Which of the following terms best describes the tax implications regarding residency status?
• What is the IRS standard business mileage rate for 2018?
• Which document is necessary for a tax return if an individual does not have a Social Security number?
• What percentage of gross receipts is allocated for tips?
• Which code corresponds to uncollected social security tax on the value of GTL insurance exceeding $50,000?
• Which of the following is not part of a system edit?
• Which principle includes the theme of mutual trust between managers and employees?
• A manager who prefers facts over speculation and insists on real-world proof indicates which communication style?
• What is the limit for Social Security wages in 2023?
• Which of the following is a requirement for a plan to be considered an accountable plan?
• When determining the value of employer-provided parking, which valuation method is allowed?
• What is the primary purpose of the W-2 form?
• If a person holds a "Green Card," what is the visa number associated with it?
• What is not a disadvantage of a service bureau?
• What is the catch-up contribution amount for 401k plans for individuals over age 50?
• Which of the following accounts does not have a normal balance as a credit?
• When are employers required to mail copies of Form W-4 to the IRS?
• Which Box 12 Code indicates excludable moving expense reimbursements paid to an employee?
• Which accounting action involves recording a transaction in the appropriate journals?
• Which of the following is covered under FLSA?
• Which internal control method requires employees to show identification before getting paid, also known as stopping phantom employees?
• Which of the following is not generally a factor indicating an employee's domicile?
• Which condition must be met for an employee to receive Family and Medical Leave Act benefits?
• Which is a typical condition of employment for a minor under the FLSA?
• Payments to independent contractors must be reported to the IRS if they meet or exceed:
• When must payments made by a business to non-corporate independent contractors for services rendered be reported to the IRS?
• What type of distributions does the 1099-SA form report?
• How are moving expenses reported on the W-2?
• Which agency is responsible for enforcing the Fair Labor Standards Act?
• What is Form I-9 primarily used for?
• What is the supplemental federal withholding rate for earnings less than $1 million?
• How long must an employer keep undeliverable copies of an employee's Form W-2?
• What is the qualified parking limit for tax-free income?
• An employee's gross for the year is 30,000. In which box on Form W-2 must employer-provided dependent care assistance be included when it exceeds $5,000?
• What is the time limit for filing an FLSA complaint with the Wage and Hour Division?
• What term do US and foreign countries use to prevent double social security and Medicare taxation of US citizens?
• Which management style is characterized by minimal direction and high employee trust?
• Who must complete form 1042-T?
• What is the Federal Unemployment Tax Act (FUTA) tax rate?
• What is the current Medicare tax rate?
• What is one feature of a Flexible Spending Account (FSA)?
• Form W-7 is used for which purpose?
• Which W-2 Box 12 code is used for a 403(b) plan?
• Agent-drivers and full-time life insurance salespersons are classified as what type of employees?
• If multiple requests are received simultaneously, which one has the highest priority?
• What is the status of Bob's job after Sept 5 and before he notified his employer?
• Which management skill is essential for ensuring effective employee engagement?
• What does BOX 12 CODE 'C' signify in payroll reporting?
• What effect do revenues have on accounts?
• What is the limit for Group Term Life Insurance that is not taxable?
• What term is used for a US citizen or resident alien who lives and works outside the United States?
• What is the maximum limit for transportation or vanpool benefits?
• What is the Opportunity Wage for employees under the age of 20 during their first 90 days of employment?
• What does EFTPS stand for?
• What is generally included in form 941?
• According to the FLSA, which record is not required to be retained for at least three years from the last date they were in effect?
• What should not be a part of the system documentation?
• Which act establishes the legal requirements for minimum wage and overtime pay?
• An employer with 120 participants offering a cafeteria plan must annually file what form?
• Which form serves to apply for an Employer Identification Number (EIN)?
• Which of the following is an example of a non-taxable fringe benefit?
• What type of account is Accrued Salaries Payable classified as?
• Form W4-P is specifically for which group of individuals?
• According to Hersey and Blanchard, which management style is known as Directing or high task/low relationship?
• What does the 1099-R form specifically include?
• What best describes an independent contractor?
• What is the maximum amount for 2018 that an employee may elect to defer to a 401(k) or 403(b) plan?
• What type of plan allows employees to choose from a variety of benefits?
• What is typically the rate for tips to be considered as taxable income by the IRS?
• Which form might be used to receive a determination letter of a worker's status from the Social Security Administration?
• Nonqualified plans go in which box on the Form W-2?
• What is the maximum contribution to a Health Savings Account (HSA) for an individual under age 55 in 2016?
• For what purpose is form 1042-S used?
• What amount of Employer-paid Group Term Life insurance for an employee is exempt from taxes?
• What is the maximum tip credit allowed for tipped employees?
• What does BOX 12 CODE 'T' indicate?
• From which taxes are cafeteria plan contributions generally exempt?
• Form 941 is due on which day of the month?
• What does Form W-9 help the payee avoid?
• What is the hourly wage for a computer professional as mentioned?
• Which of the following is not a method used to determine an employer's unemployment insurance experience rating?
• What does Box 12 Code "J" indicate regarding sick pay?
• Who is responsible for enforcing the equal pay provisions?
• Which of the following is not a recordkeeping requirement for the business use of company provided vehicles?
• Under the FLSA, how often must non-exempt employees be paid?
• What is the maximum percentage of an employee's disposable earnings that can be garnished to pay off debts?
• What is the representation for contributions to a 409A non-qualified Deferred Compensation Plan in Box 12?
• What criteria must be met for a 1099-MISC to be issued?
• Which of the following is classified as a record of original entry?
• Wages are paid on Wednesday, Mar 26, resulting in a deposit liability of $90,000 and again on Thursday, Mar 27, for $12,000. Under the semiweekly deposit rule, when are the deposits due?
• According to Hersey and Blanchard, which management style is known as high task/high relationship?
• What does a credit to an account typically signify in double-entry bookkeeping?
• How much can an employee contribute to a 401k plan at maximum this year?
• What is the federal income tax rate for supplemental withholding on bonuses and commissions?
• What does "capital" refer to in business terms?
• Which management approach promotes flexibility and adaption to changing circumstances?
• An employer may exclude a business expense reimbursement from income if the employee's expenses are:
• What is the maximum Education Assistance amount that can be provided tax-free?
• What does payroll tax form 668-W instruct employers to do?
• According to Hersey and Blanchard, which management style is known as supporting or low task/high relationship?
• What qualifies as a "Qualified employee discount"?
• A manager who takes a negative view of his or her employees is best categorized as which management theory?
• In the scenario where an employee has federal tax levy, consumer garnishment, and child support order, in what order should the attachments be applied?
• What is the current standard Computer Professional Wage?
• What employee taxes must be paid on 401(k) contributions?
• In a cafeteria plan health care FSA, who is at risk of forfeiture?
• What is the purpose of payroll tax form W-8BEN?
• Which of the following is essential for a nonresident alien completing US tax forms?
• What does Form W-4S request?
• When can an employee change benefits in a cafeteria plan?
• What does Box 12 Code "M" denote in tax documentation?
• If an employee is not in arrears, what is the maximum amount of disposable earnings that can be withheld for support?
• Which of the following is a basic management skill that involves setting goals?
• During the planning and organizing process, which of the following activities need not be included?
• What can employees do if their total Social Security tax exceeds the limit due to working multiple jobs?
• Which of the following is a use for Form W-9?
• Which form does the IRS send to an employer for a federal tax levy?
• What is the minimum required amount of sleep for most adults to maintain optimal health?
• What does BOX 12 code F represent?
• What type of account typically has a normal credit balance?
• When a FUTA tax payment due date falls on a weekend or holiday, when is the payment considered due?
• What is the maximum tip wage credit allowed per hour?
• Which form is used to explain discrepancies related to payroll and tax returns?
• How many weeks can a terminated employee collect unemployment benefits without needing to file an extension?
• Form I-9 must be made available for inspection by the Department of Labor within how many days of a request?
• What is signified by Box 12 Code "R" in tax documents?
• What is the main requirement for a payment to be considered de minimis?
• What is the maximum salary deferral limit for employees in a 403(b) plan for 2018?
• Designated Roth contributions under which type of plan use Box 12 Code "AA"?
• Payroll tax form 941-M is primarily for employers who:
• An annuity that provides retirement income for employees of certain public schools and non-profit organizations is called:
• What is the maximum amount of foreign earned income that can be excluded from a US citizen or resident alien's gross income when working outside the US?
• What is the minimum hourly wage Bob can be paid based on his workplace location?
• Under a cafeteria plan, how can employees purchase benefits?
• What does Box 12 Code "N" represent in relation to tax reporting?
• What type of account typically has a credit normal balance?
• What does form 2032 allow an employer to do?
• At what age would an employee born on April 15, 1974, be calculated for group term life insurance as of January 2012?
• Which is not one of the White Collar Exemptions?
• After an employee receives serious injuries, through what date must the employer withhold and pay certain taxes on sick pay?
• Which Box 12 Code is used for Section 457(b) elective deferrals?
• What form serves as a notification to employers regarding penalties for missing or late information?
• What is the purpose of form 1099-MISC?
• Which Box 12 Code involves uncollected Medicare tax on tips?
• What is the maximum number of hours a 14 or 15-year-old can work on a non-school day?
• Which tax is included in cafeteria plan exemptions alongside Social Security and Medicare?
• What is the purpose of Form W-2 for employees?
• What is the mileage rate for business travel per mile?
• Which document must be obtained from new employees?
• The major objective of basic classification codes for workers' compensation is to:
• When an employer compensates an employee with restricted stock, when is the compensation taxable?
• Which of the following options best describes the federal minimum wage?
• If the records required by the ADEA are kept at a central location, how long does an employer have to turnover the records for inspection by the EEOC?
• What is the supplemental withholding rate applied to an employee's bonus over a million dollars?
• Payments for Statutory Employees are:
• What does a 457 plan primarily serve?
• What is the federal minimum tip wage per hour?
• Which of the following is not a goal of performance evaluations?
• What is considered a "de minimis" fringe benefit?
• Which of the following should be part of a disaster recovery plan?
• Which of the following groups of employees is classified as exempt under FLSA?
• Which document identifies the tax obligations due to the IRS for an employee?
• Which department generally administers defined benefit plans?
• What does FLSA stand for?
• When must independent contractor payments be reported to the IRS?
• What is the main distinction of workers classified as independent contractors?
• Which option is generally NOT considered a de minimis fringe benefit?
• If an employee passes away and their spouse receives a vacation payout, how does this affect their W-2 earnings?
• Which wage base is applicable for FUTA tax?
• Which of the following represents the amount allowed for qualified transportation benefits per month?
• What does FSA stand for in payroll contexts?
• What is a primary purpose of financial statements?
• For employees who do not have an SSN, which form is used to apply for a Social Security Card?
• An employee is terminated on 7/1/16. The following week a request in writing was received requesting his 2016 Form W-2. How long does the employer have to send it out?
• A newly hired employee who is married with two children fails to complete Form W-4 by the first payday. What withholding status does the employer use when calculating the employee's withholding?
• What is the current standard mileage rate for medical or moving purposes?
• Which of the following cannot be part of a cafeteria plan?
• What tax benefits are provided by a traditional 401(k) plan?
• What is the Foreign Earned Income Exclusion amount for the year?
• Which form notifies an employer that an employee's wages have been released from a levy?
• In the context of management, accountability refers to what?
• Which employer stock purchase plan may be integrated into a qualified 401 (k) plan?
• What kind of balance does an expense account typically have?
• An example of a non-exempt employee would be:
• When processing a direct deposit, what does the ACH file transmit?
• What code is included for group term life insurance over $50,000 reported in Box 12 on Form W-2?
• Which of the following is a requirement for a tax-free athletic facility benefit according to federal guidelines?
• What additional requirement is there for employee contributions to a 401(k) regarding age?
• What is the BOX 12 code for uncollected social security tax on tips?
• State and local government employees would participate in which deferred compensation plan?
• What is the maximum per round trip an employee may receive under the commuting valuation method?
• Which benefit has a maximum exclusion amount specifically set for groups?
• What is the primary focus of the planning management function?
• Which of the following is NOT a staffing concern?
• A journal entry containing more than one debit or more than one credit is referred to as what?
• What information is collected on Form W-4?
• Which of the following is not one of the four communication skills managers must possess when directing employees?
• What is the Social Security wage limit for the year?
• What is the reimbursement rate for moving mileage per mile?
• What type of coverage is indicated by the BOX 12 code DD?
• When does the COBRA coverage end if Bob does not return to work?
• Which journal entry is posted as a debit (DR)?
• What is form 4070 specifically designed for?
• The 8/80 Rule for overtime applies to:
• What is the annual limit for an Employee Dependent Care Assistance account?
• Where do taxable Medicare wages get reported?
• For tax year 2018, what is the maximum contribution to a Health Savings Account (HSA) for individuals with self-only coverage?
• What is the primary purpose of the 1099-R tax form?
• Communicating, motivating and providing guidance to employees belongs to which management skill?
• Which of the following is considered a "de minimis" fringe and is excluded from taxable earnings?
• Which form allows for the reporting of state unemployment wages?
• All of the following duties would be included in the job description of an employee working in the payroll department EXCEPT:
• Form 941-X is known as:
• Which of the following is NOT a characteristic of double-entry bookkeeping?
• Which of the following is not an advantage of the direct deposit system to the employer?
• What information does payroll tax form 843 provide?
• What penalties will be assessed for improper worker classification when Forms 1099-MISC are filed for workers classified incorrectly?
• When an employer receives Form 668-W from the IRS, when must they begin to withhold and remit?
• What is required for an employee to qualify for a retirement benefit under a 403(b) plan?
• What form is required for employers with less than $1,000 in tax liability?
• Wages paid after the year of death are subject to which withholding taxes?
• Which of the following is not part of the balance sheet?
• Under a cafeteria plan, pretax contributions to a 401(k) are subject to which federal taxes?
• For wage garnishments, which amount is typically exempt from garnishment?
• Which of the following best defines an asset?
• How much is deductible for qualified transportation/vanpool expenses?
• What account is typically listed first on a corporate balance sheet?
• Which of the following is not an expense account?
• Which statement correctly defines "Tax Deferred" wages and "Tax Exempt" wages?
• What is a warning or alert called that is built into the system that checks for errors and either corrects the error or notifies the operator that something may be wrong?
• What is the penalty for late deposit of payroll taxes?
• Which of the following is not a disadvantage of the direct deposit system to the employer?
• What is the additional Medicare tax rate for income exceeding $200,000?
• What does ERISA stand for?
• Aliens who must file a tax return but are not eligible for a social security number should request which form from the IRS?
• Which of the following is true regarding exempt employees?
• Who would use Form 941-M?
• What action does Form SS-5 facilitate regarding Social Security numbers?
• What entries are required to record $45,000 in salaries earned between March 27 and March 30 but not paid until April 6?
• What determines the maximum administrative fee an employer can charge for processing a wage withholding order?
• On what form must wages be reported if an employee dies after receiving a paycheck but before cashing it?
• What is the normal balance for an asset account?
• What phase of in-house system design follows the Development Phase?
• What journal entries are required to record $250,000 in salaries earned during the last week of July but paid in August?
• What is the IRS approved rate for employer provided fuel for 2018?
• Request for Taxpayer Identification Number and Certification is submitted on which form?
• In which situation must an employer withhold Social Security and Medicare tax?
• Which of the following is not covered by the Fair Labor Standards Act (FLSA)?
• Which of the following would not qualify as a supplemental wage payment?
• What is the normal balance for owner's equity accounts?
• What is the significance of the limit associated with dependent care?
• Which of the following is NOT a responsibility of the employer regarding income tax withholding?
• According to IRS regulations, which of the following is NOT considered a supplemental payment?
• Which class of employees typically do NOT receive overtime pay under the FLSA?
• What is the normal balance for a liability account?
• What do escheat laws generally pertain to?
• What is a critical feature of double entry accounting?
• What is indicated by the accounting equation Assets = Liabilities + Capital?
• What is an environment called where all computers are physically attached to each other and data is transmitted at high speeds over short distances?
• What is not an advantage of a service bureau?
• Which of the following is the IRS limit for dependent care expenses when filing separately?
• What is the commuting valuation rate for transportation?
• What is the minimum number of employees required for FLSA applicability?
• What is the minimum wage in Massachusetts as stated in the context?
• How often are most employers required to deposit payroll taxes?