APA-CPP Exam Questions and Answers dumps pdf

1. C E R T S GR A DE High Grade and Valuable Preparation Stuff High Grade and Valuable Preparation Stuff Accountant APA CPP Certified Payroll Professional Questions And Answers PDF Format: For More Information – Visit link below: https://www.certsgrade.com/ Version = Version = Product Visit us athttps://www.certsgrade.com/pdf/apa-cpp/

2. Latest Version: 6.0 Question: 1 Which type of worker is considered a statutory employee? A. Accountant B. Real estate agent C. Full-time life insurance salesperson D. A worker from a temporary agency Answer: C Explanation: A statutory employee is a self-employed person, considered an employee for tax purposes. Other types of statutory employees include: Delivery drivers that are agents of a company, or paid on commission Individuals that work at home with materials supplied by a company Full-time traveling salespersons that sells products for resale to other businesses An accountant may be considered an independent contractor if services are provided to several clients. A real estate agent would be considered a statutory non-employee if compensation is based on sales and not on hours worked. A worker that is hired from a temporary agency is considered a leased employee. Question: 2 When might an employer gross up an employee's income? A. Increasing a bonus to cover extra taxes that will be owed by the employee Correct B. Increasing wages to cover federal withholding taxes C. To pay for employee benefits such as life insurance or retirement plan contributions D. It is illegal for an employer to gross up employee wages Answer: B Explanation: There are two situations where an employer may gross up an employee's paycheck, both of which are to cover additional taxes incurred by an employee- either from a bonus payment or from a taxable fringe benefit. By grossing up an employee's compensation, the employee receives a certain amount without having to pay part of that bonus or benefit as taxes. Though it may appear that the employer is paying the employee's tax liability; the taxes are collected from, and paid by, the employee. Question: 3 Visit us athttps://www.certsgrade.com/pdf/apa-cpp/

3. Which Internal Revenue Service (IRS) form is used to report an employer's Federal Unemployment tax (FUTA)? A. Form SS-8 B. Form 843 C. Form 1042 D. Form 940 Answer: D Explanation: Form 940 is used to report an employer's annual Federal Unemployment tax (FUTA) obligation. FUTA, in combination with state unemployment tax, is used to provide unemployment compensation to workers that have lost their jobs. FUTA tax is paid only by employers, and is not deducted from an employee's paycheck. An employer must pay FUTA tax on the first $7,000 of each employee's annual earnings. For household employees, FUTA tax is only paid if the employee receives wages of $1,000 or more in a calendar quarter. Question: 4 When must an organization collect an IRS Form W-9 from an individual? A. When hiring an independent contractor B. To enable donors to claim a tax deduction C. Both A and B D. None of the above Answer: C Explanation: Revenue Service (IRS) Form W-9 is used by businesses to obtain the taxpayer identification number of an independent contractor. The form is also used by non-profit organizations to collect the taxpayer identification number of a donor, so that the donor can deduct the donation on its tax return. Form W-9 is not submitted to the IRS, but instead kept on file by the organization and used when preparing Form 1099s. Information collected on form W-9 includes: • The independent contractor or donor's name or business name • Address • Type of business • Social Security number (for individuals) or federal employer identification number (EIN for businesses) • Signature of the independent contractor or donor Question: 5 The minimum age at which an employee may operate a motor vehicle on public roads is... Visit us athttps://www.certsgrade.com/pdf/apa-cpp/

4. A. 16½ years of age with parental permission B. 17 years of age and pass driver education course C. 17 years of age and meeting requirements for time spent driving and vehicle weight D. 18 years of age Answer: C Explanation: Under the FLSA child labor provisions, a 17-year-old may drive a motor vehicle on public roads after meeting requirements for the amount of time spent driving the vehicle and the weight of the vehicle. Employees under age 17 years may not drive on public roads. The 17-year-old may not leave the vehicle because employees under age 18 cannot be an outside helper on a motor vehicle. Outside helpers are employees that must leave the vehicle, or who ride outside the vehicle to deliver or assist in transporting goods. Question: 6 Under the FLSA, which test is not required for exemption as a creative professional employee? A. Minimum weekly salary or fee of $684 per week B. The work must require originality, invention or talent C. The work must be in a recognized field of artistic endeavor D. The copyright to the work must be retained by the business Answer: D Explanation: Under the FLSA, employers are not required to provide overtime pay for certain "exempt" occupations, such as those falling under the categories "learned professional" or "creative professional." As a general rule, employees who are paid less than $684 per week are non-exempt and entitled to overtime pay. An employee must also pass one of the following duties tests: • Exempt executive job duties- a full-time manager that supervises two or more employees • Exempt professional job duties- learned professions that require advanced degrees and creative professionals that use imagination or talent to create a work • Exempt administrative job duties- administrative employees that assist executive management Question: 7 In a shared services environment, which type of service provider performs services after coming to an agreement with the customer and bases the price on the services used? A. Service-oriented provider B. Business-based provider Correct C. Contributor-valued provider D. Partner-integrated provider Visit us athttps://www.certsgrade.com/pdf/apa-cpp/

5. Answer: B Explanation: In a shared services environment, there are four types of providers: • A business-based provider performs services after coming to an agreement with the customer and bases the price on the services used • A service-oriented provider knows in advance what the customer expects, provides performance measurements and meets customer expectations • A contributor-valued provider has a defined level of accountability and responsibility with payment commensurate with services delivered • A partner-integrated provider anticipates new service needs and contributes to the customer's profitability. Question: 8 What qualifies an employee for benefits under the Family and Medical Leave Act of 1993? A. At least 12 months working with the employer, with 1,250 hours worked within the last 12 months B. 1,250 hours worked within the last 12 months C. At least 24 months working with the employer, with 1,250 hours worked within the last 12 months D. 1,000 hours worked within the last 12 months Answer: A Explanation: The Family and Medical Leave Act (FMLA) mandates unpaid leave to employees for family or medical reasons, in businesses with 50 or more employees. The FMLA provides unpaid, job-protected leave for a maximum of 12 weeks. The employer must also provide the following while the employee is on leave: • Identical health insurance benefits • The same or similar position when the employee returns to work • Protection of employee benefits, and reinstatement of benefits when the employee returns to work • Protection of the employee's rights under the Act • Protection from retaliation by the employer Question: 9 A. Income must be paid to the taxpayer B. Income must be available to the taxpayer without substantial limitations C. Taxpayer must be notified that payment will be made D. Income must be taxable earnings Answer: B Explanation: Visit us athttps://www.certsgrade.com/pdf/apa-cpp/

6. Constructive receipt determines when a taxpayer who receives income on a cash-basis has received that income. Income considered to be received by the taxpayer is that which is made available with no substantial limitations placed on the taxpayer having access to that income. The taxpayer need not have actual physical control of the income. Even though the income may not be under the taxpayer's control, the following scenarios make income considered to have been constructively received by the taxpayer: • The funds have been credited to an account on behalf of the taxpayer • The funds have been set apart for the taxpayer • The taxpayer may make a draw against the funds at any time Question: 10 Which of the following regulates how often employees must be paid by an employer? A. The Fair Labor Standards Act B. The individual state C. US Department of Labor D. National Labor Relations Act Answer: B Explanation: The frequency of payments made to an employee by an employer is regulated by the state in which the work is performed. The individual states also determine the length of time in which an employer must pay an employee after such wages have been earned. Visit us athttps://www.certsgrade.com/pdf/apa-cpp/

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