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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

One reason many companies use a Zero Balance checking account is that:

Options:

A.

funds do not have to be deposited until the employee cashes the check

B.

the company receives interest on the account

C.

cash is available for investment until items are presented for payment at the company's bank

D.

bank reconciliations are not required

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Question 2

Under the existing NACHA rules, amounts transmitted to the RDFI by 5:00 p.m. the day before payday must be posted to employees' accounts no later than:

Options:

A.

The evening before payday

B.

The end of the business day on payday

C.

The opening of the business day on payday

D.

Two days before payday

Question 3

Under the federal requirements, a restaurant establish me with 10 or more employees is required to report allocated tips if reported tips are less than what percentage of gross receipts?

Options:

A.

25%

B.

10%

C.

8%

D.

6%

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