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CPP-Remote Exam Dumps : Certified Payroll Professional

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Certified Payroll Professional Questions and Answers

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Question 1

Which of the following would NOT be defined as a tax-deferred benefit?

Options:

A.

Non qualified plan contributions

B.

403(b) pretax contributions

C.

401(k) pretax contributions

D.

125 pretax contributions

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Question 2

Which of the following is one of the purposes of a job description?

Options:

A.

Provides security access and passwords to be assigned to the incumbent

B.

Describes the experience, skills, knowledge, abilities, education, and training needed to perform the job.

C.

Reinforces delineation between statutory employees and independent coworkers

D.

Specifies frequency of interdepartmental meetings

Question 3

In the first monthly accounting period of a company's fiscal year, which of the following occurs?

Options:

A.

Underpaid debts are "forgiven"

B.

Asset and liability accounts reflect prior year ending balance

C.

All liability accounts are reset to zero balances

D.

Asset account balances are reclassified

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