CPP Certified Payroll Professional APA Master Exam
Exam Coverage
Exam coverage for the CPP (Certified Payroll Professional) - APA
Master Exam includes advanced payroll administration knowledge
governed by standards from the American Payroll Association (now
known as the PayrollOrg). It focuses on payroll calculations, wage and
hour laws (such as FLSA), taxation requirements, benefits and
deductions, garnishments, and payroll reporting compliance. The
exam also evaluates understanding of multi-state payroll, accounting
principles, payroll systems and technology, audit procedures, and
internal controls.
,Form W-9
First, it is used by third parties to collect identifying information to
help file information returns with the IRS.
The form is never actually sent to the IRS, but is maintained by the
person who files the information return for verification purposes.
The information on the Form W-9 and the payment made are reported
on a Form 1099.
The second purpose is to help the payee avoid backup withholding.
The payer must collect withholding taxes on certain reportable
payments for the IRS. However, if the payee certifies on the W-9 they
are not subject to backup withholding they generally receive the full
,payment due them from the payer. This is similar to the withholding
exemptions certifications found on Form W-4 for employees.
Form SS-5
Apply for an original Social Security card
Apply for a replacement Social Security card
Change or correct information on your Social Security number record
Form SS-4
Application for Employer Identification Number (EIN)
, Accounting equation (Balance Sheet)
Assets = Liabilities + Capital
Assets - Liabilities = (Shareholders' or Owners' Equity)
Asset (Debit or Credit Normal Balance?)
Debit
Form SS-8
Determination of Worker Status for Purposes of Federal Employment
Taxes and Income Tax Withholding
Exam Coverage
Exam coverage for the CPP (Certified Payroll Professional) - APA
Master Exam includes advanced payroll administration knowledge
governed by standards from the American Payroll Association (now
known as the PayrollOrg). It focuses on payroll calculations, wage and
hour laws (such as FLSA), taxation requirements, benefits and
deductions, garnishments, and payroll reporting compliance. The
exam also evaluates understanding of multi-state payroll, accounting
principles, payroll systems and technology, audit procedures, and
internal controls.
,Form W-9
First, it is used by third parties to collect identifying information to
help file information returns with the IRS.
The form is never actually sent to the IRS, but is maintained by the
person who files the information return for verification purposes.
The information on the Form W-9 and the payment made are reported
on a Form 1099.
The second purpose is to help the payee avoid backup withholding.
The payer must collect withholding taxes on certain reportable
payments for the IRS. However, if the payee certifies on the W-9 they
are not subject to backup withholding they generally receive the full
,payment due them from the payer. This is similar to the withholding
exemptions certifications found on Form W-4 for employees.
Form SS-5
Apply for an original Social Security card
Apply for a replacement Social Security card
Change or correct information on your Social Security number record
Form SS-4
Application for Employer Identification Number (EIN)
, Accounting equation (Balance Sheet)
Assets = Liabilities + Capital
Assets - Liabilities = (Shareholders' or Owners' Equity)
Asset (Debit or Credit Normal Balance?)
Debit
Form SS-8
Determination of Worker Status for Purposes of Federal Employment
Taxes and Income Tax Withholding
