APA American Planning Association CPP-REMOTE Questions & Answers

• Question 31:

  

  What is the amount reported in box 12, and what code is used?

  A. C 4,980

  B. D 24,582

  C. C 10,480

  D. D 29,682

  Correct Answer: B

• Question 32:

  Each month ABC Company records the amount of after-tax long-term disability (LTD) insurance purchased by its employees who elected to purchase this insurance. The deduction is equal to the cost of the insurance. In the month following the deduction, the insurance company invoices ABC Company. ABC then pays the invoice. At the end of April, the balance in the LTD general ledger liability account is $438.40. What does this balance represent?

  A. Amounts paid to the insurance company

  B. Over-payments to the insurance company

  C. Amounts that have been deducted but not paid to the insurance company

  D. Amounts deducted from employees who have terminated employment

  Correct Answer: C

• Question 33:

  An employer is allowed under deferral law to pay overtime for all hours worked over 80 in a biweekly period. In what type of industry is this employer likely to be engaged?

  A. Manufacturing

  B. Health care

  C. State or local law enforcement

  D. Retail

  Correct Answer: B

• Question 34:

  In the context of fringe benefits, the term "discriminatory plan" refers to a plan that disproportionately favors:

  A. An ethnic group

  B. An age group

  C. A sex

  D. The highly paid

  Correct Answer: D

• Question 35:

  For an employee earning $10.20 per hour and participating in a 401(k) plan with a deferral per pay period of $50, compute the federal taxable wages based on the following: Biweekly pay period Regular 80 hours 4 hours overtime 3 hours double-time:

  A. $731.40

  B. $938.40

  C. $898.60

  D. $888.40

  Correct Answer: D

• Question 36:

  How may federal income tax be withheld from separation pay and accrued vacation wages totaling $20,000 that are paid at the time of termination and identified separately on the employees' pay stub, if the employee has been paid $25,000 so far this year and had income tax withheld from her most recent wage payment?

  A. at the optional flat rate for all payouts at termination only

  B. using the aggregated method only

  C. at the optional flat rate or using the aggregate method

  D. using the prior 12 months' tax rate

  Correct Answer: C

• Question 37:

  How should a meeting conclude?

  A. Summarize and outline next steps

  B. Invite the participants who agree with your position to participate in the next step

  C. Critique each participant's participation prior to closing the meeting

  D. Collect the participants' personal notes for filing

  Correct Answer: A

• Question 38:

  Sally's department was scheduled to work from 8:00 a.m. until 5:00 p.m. It was announced to all employees that a severe winter storm was expected to reach the city between 4:00 am. and 5:00 p.m. Employees of Sally's department asked if they, like most other departments, would be allowed to leave work at 3:00 p.m. to avoid being caught in the storm. Sally was sympathetic, but after much discussion denied the request, stating that the policy was clear that employees were to remain on duty until 5:00 p.m. Which of the following management styles is Sally demonstrating?

  A. Diplomatic

  B. Bureaucratic

  C. Autocratic

  D. Participative

  Correct Answer: A

• Question 39:

  When making the federal payroll tax deposit, the accounting entry to record an advance payment of EIC would be:

  A. Debit EIC payable, credit cash

  B. Debit cash, credit EIC payable

  C. Debit FIT payable, credit cash

  D. Debit EIC payable, credit FICA payable

  Correct Answer: B

• Question 40:

  Technology that allows multiple PC's in different geographical areas to access a single device, such as a check printer is:

  A. Transaction processing

  B. Surge protection

  C. Wide area network

  D. Regression testing

  Correct Answer: C