APA CPP-Remote CPP Exam Practice Test Instant Access

Question 1

How are salaries reflected on the income statement?

Aincome

Bassets

Caccruals

Dexpenses

Answer : D

Question 2

All of the following factors are advantages of having an in-house developed payroll/HR system EXCEPT:

Ascheduling flexibility

Buser groups

Csecurity

Dcontrol of the system

Answer : B

Question 3

What does it mean if, at the end of an accounting period, a company has a debit balance in a liability account?

AThe company has underdeposited taxes withheld from EE wages.

BThe company has not yet paid the third party.

CThe company has withheld too much from the EE.

DThe company has paid to a third party more than was withheld from the EE.

Answer : D

Question 4

EE deferrals under section 401(k) are subject to which taxes?

AFIT and FICA taxes

BFICA only taxes

CFICA and FUTA taxes

DFIT, FICA, and FUTA taxes

Answer : C

Question 5

Which of the following items determines the disposition of unclaimed wages?

Astate law only

Bfederal law only

Cfederal and state law

Dno recognized procedures exist

Answer : A

Question 6

Techniques for conducting periodic physical payouts:

Aare the same for all EEs

Bvary by whether the EE is paid by check or direct deposit

Cvary for some EEs such as telecommuters

Dvary by wage class and compensation level

Answer : A

Question 7

Which of the following records MUST be kept for four years?

Ahours worked

Btime cards

COSHA records

Dvoided payroll checks

Answer : D

APA CPP-Remote Certified Payroll Professional CPP Exam Practice Test