APA APA Certifications CPP-REMOTE Questions & Answers

• Question 211:

  With regard to employee's reported tips, the employer must:

  A. report tips as wages on Form W-2 and pay the employer portions of social security and Medicare taxes

  B. report taxes on tips separately when making an employment tax deposit

  C. report and pay the employer portion of social security and Medicare taxes on the portion of cash tips above the federal minimum wage

  D. withholds and pays only the employees' portion of social security and Medicare taxes on tips

  Correct Answer: A

• Question 212:

  What document reflects the value of the assets of a corporation?

  A. Balance sheet

  B. Variance analysis

  C. Income statement

  D. Profit/loss statement

  Correct Answer: A

• Question 213:

  A cross-functional work team is an important element of:

  A. Benchmarking

  B. Management by objective

  C. Business process reengineering

  D. Claim of right

  Correct Answer: C

• Question 214:

  Which of the following general ledger accounts is integral to a quarterly deposit reconciliation?

  A. Accrued wages payable

  B. Salary cash

  C. Tax liabilities

  D. Payroll cash

  Correct Answer: C

• Question 215:

  What is the payroll department manager responsible for in a company with strong internal controls?

  A. writing the internal audit transaction test plan

  B. development company policy

  C. assuring segregation of duties in the department

  D. initiating payroll transactions

  Correct Answer: C

• Question 216:

  Which of the following would not be included in the system testing stage of an implementation?

  A. Volume testing

  B. Functional testing

  C. Recruiting tests

  D. Stress testing

  Correct Answer: C

• Question 217:

  Employee data need not be entered in both the payroll system and the time and attendance system when which of the following is used?

  A. An interface

  B. Open systems

  C. A firewall

  D. A password

  Correct Answer: A

• Question 218:

  Which of the following forms must be submitted annually by large food and beverage establishments with monthly deposit obligations of more than $100,000?

  A. 942

  B. 4070

  C. 944

  D. 8027

  Correct Answer: D

• Question 219:

  Which of the following forms pertains to a merger or acquisition?

  A. Schedule M

  B. Schedule A

  C. Schedule B

  D. Schedule D

  Correct Answer: D

• Question 220:

  Under FLSA , what is the compensation due an employee whose rate of pay is $8 per hour and who is paid for 52 hours during a one-week period, including 8 hours of sick pay?

  A. $448

  B. $464

  C. $432

  D. $416

  Correct Answer: C