The Payroll Source CPP Practice Exam Latest Update 2024-2025 Actual Exam 100 Questions and 100% Verified Correct Answers Guaranteed A+
A company has a gross payroll of $120,589.36 that is taxable for federal income, social security, and medicare taxes. Federal income tax withheld is $24,117.87; combined social security and medicare taxes withheld are $9,225.09. What is the company's total payroll tax liability for this pay period?
A. $33,342.96
B. $42,568.05
C. $40,156.26
D. $66,685.92 - CORRECT ANSWER: B $42,568.05
$24,117.87 + $9,225.09 + $9,225.09 = $42,568.05
A company pays all executives semimonthly. The FLSA requires all other employees to
be paid on:
- a weekly cycle
- a biweekly cycle
- a semimonthly cycle
D. any established cycle - CORRECT ANSWER: D. any established cycle
A local national is defines as an employee:
- from another country working in the U.S.
- from the U.S. working in a foreign company
- from a foreign company working in the U.S.
- from a foreign country working in his or her home country location - CORRECT
ANSWER: D. from a foreign country working in his or her home country location
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A nonexempt employee earns $400 per week for a normal schedule of 35 hours. Under the FLSA, how much would this employee be due if 48 hours were worked?
A. $400
B. $594.40
C. $548.64
D. $433.32 - CORRECT ANSWER: B. $594.40
400/35=$11.43
(48x$11.43)+($11.43x.5x8)=$594.40
A payroll department manager should assure:
- an independent mission statement
- appropriate training and equipment resources for staff members
- immediate enactment of employee suggestions
D. top payment of staff - CORRECT ANSWER: B. appropriate training and equipment
resources for staff members
A payroll register for the pay period shows gross earnings of $300,000 and deductions
of $120,000. The entry to the payroll expense account would be:
A. $120,000
B. $180,000
C. $300,000
D. $420,000 - CORRECT ANSWER: C. $300,000
A procedure to have a time record signed by an employee indicates:
- authorization for payment
- confirmation of total hours
- hours cannot be challenged
D. time spent at the establishement - CORRECT ANSWER: B confirmation of total
hours
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A report has been requested that is NOT a standard report from the system. This type of
report is called a(n):
- ad-hoc report
- integrated report
- batch system report
D. edit report - CORRECT ANSWER: A. ad-hoc report
A request for proposal (RFP) can be used to:
- provide vendors with technical and functional system requirements
- request funds during a budget process
- analyze needs for the system
D. assign programming resources to enhance functionality - CORRECT ANSWER: A.
provide vendors with technical and functional system requirements
A team comprised of members of a department's staff with the intention of improving
their own process is a:
- cross-functional team
- conversion team
- functional team
D. management team - CORRECT ANSWER: C. Functional Team
All of the following actions demonstrate a strong customer service orientation EXCEPT:
- exhibiting a customer friendly attitude
- viewing customers as the most important part of the job
- using voice mail to answer phone calls from customers
- establishing relationships with people - CORRECT ANSWER: C. using voice mail to
answer phone calls from customers
All of the following data elements are required to be maintained in the employee
masterfile EXCEPT:
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