CPP PAYROLL 2026 ACTUAL
QUESTIONS WITH VERIFIED
ANSWERS.
Which of the following forms may be submitted to the IRS in
order to receive a written determination
of a worker's status as an employee or independent contractor?
(A) Form W-5
(B) Form SS-5
(C) Form SS-8
(D) Form W-9 - correct answer-(C) Form SS-8
The Medicare rate us 1.45% up to what dollar amount? -
correct answer-200,000
What is the Medicare rate when above $200,000? - correct
answer-0.90% ?? .009?
Social Security ER rate - correct answer-6.2%
,Social Security EE rate - correct answer-6.2%
Supplemental wage % if wages are greater than $1,000,000 -
correct answer-39.6%
Supplemental wage % if wages are less than $1,000,000 -
correct answer-25%
FUTA wage base is - correct answer-7000
FUTA rate - correct answer-6% -5.4% = 0.6%
Creditors garnishment max - correct answer-25%
Student loan garnishment max - correct answer-15%
,Federal minimum wage - correct answer-$7.25
Opportunity wage (workers under 19 for first 90 days) - correct
answer-$4.25
Medicare Limit - EE - correct answer-1.45
Medicare Limit - ER - correct answer-1.45
Deferered comp 401k 403b under 50 - correct answer-$18000
Deferred comp 401k 403b over 50 - correct answer-$6000
Dependent care assistance exclusion cannot exceed - correct
answer-$5000
, FSA Limit - correct answer-$2550
FSA that can be carried over to the next year - correct answer-
$500
Educational assistance, non job related exclusion - correct
answer-$5250
Group term life calculated per ______/month - correct answer-
$1000
Independent contractors paid more than $______ must be
provided with a 1099M - correct answer-$600
at what age is an employee no longer subject to a 10% excise
tax when an employee receives a distribution from his or her
qualified retirement plan? - correct answer-59 1/2
FMLA applies to private sector employees with ___ or more
employees - correct answer-50
QUESTIONS WITH VERIFIED
ANSWERS.
Which of the following forms may be submitted to the IRS in
order to receive a written determination
of a worker's status as an employee or independent contractor?
(A) Form W-5
(B) Form SS-5
(C) Form SS-8
(D) Form W-9 - correct answer-(C) Form SS-8
The Medicare rate us 1.45% up to what dollar amount? -
correct answer-200,000
What is the Medicare rate when above $200,000? - correct
answer-0.90% ?? .009?
Social Security ER rate - correct answer-6.2%
,Social Security EE rate - correct answer-6.2%
Supplemental wage % if wages are greater than $1,000,000 -
correct answer-39.6%
Supplemental wage % if wages are less than $1,000,000 -
correct answer-25%
FUTA wage base is - correct answer-7000
FUTA rate - correct answer-6% -5.4% = 0.6%
Creditors garnishment max - correct answer-25%
Student loan garnishment max - correct answer-15%
,Federal minimum wage - correct answer-$7.25
Opportunity wage (workers under 19 for first 90 days) - correct
answer-$4.25
Medicare Limit - EE - correct answer-1.45
Medicare Limit - ER - correct answer-1.45
Deferered comp 401k 403b under 50 - correct answer-$18000
Deferred comp 401k 403b over 50 - correct answer-$6000
Dependent care assistance exclusion cannot exceed - correct
answer-$5000
, FSA Limit - correct answer-$2550
FSA that can be carried over to the next year - correct answer-
$500
Educational assistance, non job related exclusion - correct
answer-$5250
Group term life calculated per ______/month - correct answer-
$1000
Independent contractors paid more than $______ must be
provided with a 1099M - correct answer-$600
at what age is an employee no longer subject to a 10% excise
tax when an employee receives a distribution from his or her
qualified retirement plan? - correct answer-59 1/2
FMLA applies to private sector employees with ___ or more
employees - correct answer-50
