Selected CPP-Remote American Planning Association Questions Answers

Certified Payroll Professional Questions and Answers

Question 21

Under FLSA, how many hours would be paid a time and one half for the following biweekly period, assuming that the employee is a health care professional paid under the special FLSA rules?

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Question 22

The employer must withhold FICA and federal income taxes, and pay FUTA tax, when the employee's tips exceed what amount?

Options:

$50 per month

$50 per year

$20 per month

$20 per year

Question 23

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

Options:

Non qualified plan contributions

403(b) pretax contributions

401(k) pretax contributions

125 pretax contributions

Question 24

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?

Options:

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

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

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

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

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Selected CPP-Remote American Planning Association Questions Answers

Certified Payroll Professional Questions and Answers

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