APA American Planning Association CPP-REMOTE Questions & Answers

• Question 41:

  Which of the following is tax-free to all employees even if only provided to highly paid employees?

  A. Cafeteria plans

  B. Athletic facilities

  C. 401(k) plans

  D. Transportation fringe benefits

  Correct Answer: D

• Question 42:

  What is the purpose of the payroll accrual entry?

  A. to reverse an entry from a previous period

  B. to recognize expenses in the period in which they were incurred

  C. to reverse an entry made in error

  D. to recognize expenses in the period in which they were paid

  Correct Answer: B

• Question 43:

  Under the FLSA, which of the following restrictions apply when hiring minors under the age 18?

  A. Work cannot be performed pursuant to jobs considered hazardous by the U.S. Department of Labor

  B. They are not subject to overtime

  C. Social Security and Medicare are not deducted for the first 90 days

  D. If the employees do not have drivers' licenses, the employer may not hire them

  Correct Answer: A

• Question 44:

  In 2009, employee Chris was transferred from her company's headquarters to a distribution center 1,000 miles away. The company reimbursed her for meal expenses totaling $100 and lodging expenses totaling $300 incurred while driving from her old residence to her new. Chris' company directly paid the moving company $2,000 for transporting her household goods. What portion of Chris' employer-paid relocation expenses is reported in box 1, "wages, tips, other compensation?"

  A. $100

  B. $2,400

  C. $2,300

  D. $0

  Correct Answer: A

• Question 45:

  Which of the following would NOT be an asset account?

  A. Work-in-progress

  B. Cash

  C. Employee receivables

  D. Wages payable

  Correct Answer: D

• Question 46:

  The entry to record an employee's repayment of a salary advance is (employee repays advance by personal check):

  A. Debit cash, credit accounts receivable

  B. Debit cash, credit wages payable

  C. Debit salary expense, credit accounts receivable

  D. Debit accounts receivable, credit cash

  Correct Answer: A

• Question 47:

  Under the FLSA, how many hours would be paid at time and one half for the following biweekly period, assuming that the employee is an garment worker?

  

  A. 0

  B. 0.5

  C. 8

  D. 8.5

  Correct Answer: C

• Question 48:

  The FLSA term "exempt" generally means the employer need NOT:

  A. Withhold federal income tax

  B. Pay overtime

  C. Pay federal income tax

  D. Pay a minimum amount

  Correct Answer: B

• Question 49:

  Under the FLSA, how long are employers required to keep records relating to wages, hours, and conditions of employment?

  A. permanently

  B. 4 years or until the file is no longer active

  C. 3 years

  D. 7 years

  Correct Answer: C

• Question 50:

  FLSA coverage does not apply under which of the following conditions?

  A. Employees are minors under the age of 18

  B. Employees are paid $2.13 per hour

  C. Employer and employees are not engaged in interstate commerce

  D. All employees are part time workers

  Correct Answer: C