APA APA Certifications CPP-REMOTE Questions & Answers

• Question 91:

  For IRS purposes, the payroll register should be retained for a period of not less than how many years?

  A. 11

  B. 2

  C. 4

  D. 3

  Correct Answer: C

• Question 92:

  The form used to report wages paid to nonresident aliens that are exempt from federal income tax under a treaty is:

  A. W-2

  B. 1042-S

  C. 5500

  D. W-8BEN

  Correct Answer: B

• Question 93:

  Employees who are not eligible for direct deposit and receive paychecks sent through the mail are constructively paid:

  A. when the checks are delivered

  B. on the check date

  C. when the checks are cashed

  D. when the checks were postmarked

  Correct Answer: A

• Question 94:

  Which of the following is not a by-product of documentation?

  A. Simplified training

  B. Consistency

  C. Reference material

  D. Firewall violation prevention

  Correct Answer: D

• Question 95:

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

  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

  Correct Answer: B

• Question 96:

  Under the FLSA, employees working in the New England states for a product distributor are entitled to which of the following overtime pay benefits?

  A. Overtime is paid for all hours worked over 8 per day

  B. Compensatory pay is allowed for hours over 80 in a biweekly pay period

  C. Double time is paid for work on holidays

  D. Overtime is paid for hours worked over 40 in a work week

  Correct Answer: D

• Question 97:

  Form 5500 reporting would be required for which of the following stock plans?

  A. ISO (incentive stock option)

  B. ESOP (employee stock ownership plan)

  C. Restricted stock

  D. NSO (no incentive stock option)

  Correct Answer: B

• Question 98:

  The entry to record a salary advance to an employee is:

  A. Debit cash, credit accounts receivable

  B. Debit accounts receivable, credit cash

  C. Debit salary expense, credit cash

  D. Debit salary expense, credit wages payable

  Correct Answer: B

• Question 99:

  A service company sends employees overseas on assignments that last no more than 4 months at a time. Which of the following is true with respect to the taxation of those employees?

  A. The are subject to U.S. Taxation on their pay only while in the United States

  B. They qualify for an income tax exemption under the "physical presence test"

  C. They are subject to U.S. taxation on their pay for the time in and out of the country

  D. They qualify for income tax exclusion under the "bona fide residence test"

  Correct Answer: C

• Question 100:

  All of the following items qualify as a de minims fringe benefit EXCEPT:

  A. occasional parties and picnics for employees

  B. traditional holiday gifts, such as food items

  C. group legal services worth less than $70 annually

  D. occasional supper money for working overtime

  Correct Answer: C