APA APA Certifications CPP-REMOTE Questions & Answers

• Question 71:

  Penalties for failure to make timely deposits are determined by: A. a four-tiered penalty structure based on the number of days the deposit is late

  B. 15% of the undeposited amount with a maximum of $100,000

  C. a flat rate of 10% for late deposits

  D. 5% of the undeposited amount with a maximum of $100,000

  Correct Answer: A

• Question 72:

  Which of the following documents proves both identity and right to work for Form I-9 verification purposes?

  A. U.S. Passport

  B. Social Security card

  C. Driver's license

  D. Birth Certificate

  Correct Answer: A

• Question 73:

  Which of the following statements is CORRECT regarding a federal tax levy?

  A. It does not have to be honored if any other garnishments have been served.

  B. It is limited only by the amount of the employee's net pay

  C. It is continued each pay period until a release of levy is received.

  D. It requires a new order for each pay period.

  Correct Answer: C

• Question 74:

  One reason many companies use a Zero Balance checking account is that:

  A. funds do not have to be deposited until the employee cashes the check

  B. the company receives interest on the account

  C. cash is available for investment until items are presented for payment at the company's bank

  D. bank reconciliations are not required

  Correct Answer: C

• Question 75:

  An employer that deposits payroll taxes semiweekly incurs a tax liability of $55,000 on Tuesday and a liability of $110,000 on Wednesday. When should the taxes be deposited?

  A. $110,000 on Thursday and $55,000 on Friday

  B. $165,000 on Thursday

  C. $55,000 on Thursday and $110,000 on Friday

  D. $55,000 on Friday and $110,000 on the next Wednesday

  Correct Answer: A

• Question 76:

  Which of the following agencies would most likely enforce rules governing the number of days following the close of the payroll period that employees must be paid?

  A. State workers' compensation board

  B. State labor department

  C. Internal Revenue Service

  D. Social Security Administration

  Correct Answer: B

• Question 77:

  Which of the following groups BEST defines the term nonexempt under the FLSA?

  A. hourly-paid workers only

  B. a lowered-paid class of employees

  C. a special class of employees as determined by the employer

  D. employees who must be paid overtime

  Correct Answer: D

• Question 78:

  What is one of the major considerations when evaluating and selecting a software system for payroll?

  A. The sale's representative's knowledge of payroll

  B. The arrangement of the panels for on-line data entry

  C. The number of trainers the software has available

  D. The fit of the technical platform with the company's strategic plans

  Correct Answer: D

• Question 79:

  Bass Biting Company operates bait, tackle and boat sales store employing 12 full time clerks and salespeople in addition to the owner and his family members. Occasionally, Bass Biting assigns special work to individuals other than its regular employees and family members. Employee Lois was a bait and tackle shop clerk until she retired on June 30. Lois returned to the bait and tackle shop to perform clerical duties on August 15 and worked through Labor Day to assist Bass Biting through its busy season. Determine Lois' employment status with Bass Biting

  A. Statutory nonemployee

  B. Independent contractor

  C. Nonstatutory employee

  D. Employee

  Correct Answer: D

• Question 80:

  Nice Guys Inc. has a short-term disability plan, provided by a third-party insurance company, for its factory workers. Employees do not pay for this benefit. Roberta received $400 a month for four months during the six-month coverage period. How did the third- party payer tax Roberta's disability payments?

  A. No tax was withheld on any payments

  B. Federal Income tax was withheld on $400 in each of the four months

  C. Social Security and Medicare taxes were withheld on the value of the premium paid by the employer

  D. Social Security and Medicare taxes were withheld on $400 in each of the four months.

  Correct Answer: D