APA APA Certifications CPP-REMOTE Questions & Answers

• Question 61:

  The financial statement that is used to evaluate the performance of a business by matching its revenue and related expenses for a particular accounting period is a:

  A. Trial balance

  B. Balance sheet

  C. General ledger

  D. Income statement

  Correct Answer: D

• Question 62:

  The term used to describe the breaking away from traditional theories and perceptions is:

  A. Paradigm shift

  B. Cognitive deviation

  C. Pygmalion effect

  D. Doctrinaire approach

  Correct Answer: A

• Question 63:

  Assume that an independent contractor is a foreign person. What form is he most likely to complete?

  A. Form W-9

  B. Form W-8BEN

  C. Form W-4

  D. Form W-7

  Correct Answer: B

• Question 64:

  For how many years must the employer's copy of Form 940 be retained?

  A. 2

  B. 5

  C. 3

  D. 4

  Correct Answer: D

• Question 65:

  Under which of the following situations may an employee change an election made under a 125 cafeteria plan within the plan year?

  A. Employee receives a salary increase

  B. Employee is demoted

  C. Employee transfers to another department

  D. Employees divorces

  Correct Answer: D

• Question 66:

  Which of the following is not delegated to others?

  A. Ability

  B. Accountability

  C. Authority

  D. Responsibility

  Correct Answer: B

• Question 67:

  The BEST reason for tracking pay-related problem statistics is to enable Payroll to:

  A. justify more resources to handle more problems

  B. apologize to clients in a more professional manner

  C. identifies root causes and take actions to prevent similar recurrences

  D. direct problems to those who caused the problem

  Correct Answer: C

• Question 68:

  Which of the following is most likely to be included in expenses on an organization's financial statement?

  A. Wages payable in subsequent month

  B. Cash

  C. Company-matched Social Security tax paid to IRS

  D. Wages payable in subsequent year

  Correct Answer: C

• Question 69:

  Employee deferrals under section 401(k) are subject to which taxes?

  A. social security and Medicare taxes only

  B. federal income, social security, Medicare, and FUTA taxes

  C. social security, Medicare, and FUTA taxes

  D. federal income and social security and Medicare taxes

  Correct Answer: C

• Question 70:

  Which of the following describes the system step needed nearest in time to the start of the processing with a new system?

  A. Parallel

  B. Feasibility

  C. Needs analysis

  D. Evaluation

  Correct Answer: A