APA APA Certifications CPP-REMOTE Questions & Answers

• Question 221:

  The fact that transactions affect two separate accounts of a business is called:

  A. T-accounting

  B. accrual accounting

  C. compound-entry accounting

  D. double-entry accounting

  Correct Answer: D

• Question 222:

  An employee contributes $2,000 on a pretax basis to a 401(k) qualified plan. How is this pretax contribution reported on the 2009 W-2?

  A. Boxes 3/5, box 12, box 13 (retirement plan)

  B. Boxes 3/5, box 13, (retirement plan)

  C. Box 12, box 13 (retirement plan)

  D. Box 1, box 3/5, box 13 (retirement plan)

  Correct Answer: A

• Question 223:

  Which of the following is an example of a system edit?

  A. A pop-up message alerts the user that a date entered is invalid

  B. Firewalls are in place to guard against unauthorized Internet users

  C. The system has a batch report writer

  D. Step-by-step procedures are followed by the payroll specialist

  Correct Answer: A

• Question 224:

  Which of the following would most likely be a key step in reconciling a payroll withholding account?

  A. Set a schedule for paying taxes withheld

  B. Perform a "reasonable test" to confirm liability is within an acceptable range compared to same time last month

  C. Identify which payees (tax agencies) have unpaid or overpaid tax amounts and how much for each

  D. Periodically reviewing the deposit look back period

  Correct Answer: C

• Question 225:

  To exhibit good customer service skills, payroll staff must understand and be able to explain:

  A. benefits enrollment techniques

  B. system design decisions

  C. strategic departmental direction

  D. payroll forms

  Correct Answer: D

• Question 226:

  The FLSA requires which of the following records to be retained for three years?

  A. Proof of workers' compensation coverage

  B. Document showing employee's job duties

  C. Daily time records

  D. Employee disciplinary notices

  Correct Answer: B

• Question 227:

  At the time that wages are paid, an advance payment of EIC would be recorded as:

  A. Debit FIT payable, credit cash

  B. Debit cash, credit EIC payable

  C. Debit EIC payable, credit FICA payable

  D. Debit EIC payable, credit cash

  Correct Answer: D

• Question 228:

  Which of the following employers are exempt from the provisions of IRCA?

  A. Privately held employers

  B. Employers with annual revenues under $10,000

  C. All employers are subject to compliance

  D. Employers with less than 2 employees

  Correct Answer: C

• Question 229:

  Which of the following best represents compliance under Section 404 of Sarbanes Oxley?

  A. Payroll transactions are reviewed by internal audit

  B. Service provider initiates all pay transactions

  C. Accruals entries are made by the payroll staff

  D. Benefits enrollment data is maintained by authorized personnel

  Correct Answer: A

• Question 230:

  Employers in non-credit reduction states that pay their state unemployment taxes on time can deduct up to what percentage in calculating their FUTA tax payments?

  A. 0.8%

  B. 6.2%

  C. 5.4%

  D. 4.5%

  Correct Answer: C