THE PAYROLL SOURCE CPP LATEST UPDATED
2024 FINAL EXAM WITH COMPLETE
QUESTIONS AND CORRECT ANSWERS
ALREADY A+ GRADED
Which of the following features is LEAST likely to be considered
when looking at the security of a new payroll system?
a. regular data back-up and storage
b. protection against computer viruses
c. limited system access
d. system edits - ANSWER-d. system edits
Company deadlines for payroll data input documents are
essential for:
a. timely processing of the payroll
b. accurate entry of data
c. guaranteeing that all information is processed
d. adequate auditing purposes - ANSWER-a. timely processing
of the payroll
,The BEST reason for tracking pay-related problem statistics is to
enable Payroll to:
a. identify root causes and take actions to prevent similar
recurrences
b. apologize to clients in a more professional manner
c. direct problems to those who caused the problem
d. justify more resources to handle more problems - ANSWER-
a. identify root causes and take actions to prevent similar
recurrences
With regard to EEs' reported tips, the ER must:
a. withhold and pay only the EEs' portion of FICA taxes on tips
b. report tax on tips separately when making an employment
tax deposit
c. report tips as wages on Form W-2 and pay the ER portion of
FICA taxes
d. report and pay the ER portion of FICA taxes on the portion of
cash tips above the federal minimum wage - ANSWER-c. report
tips as wages on Form W-2 and pay the ER portion of FICA taxes
Transactions are recorded in chronological order into books of
original entry called:
a. registers
,b. vouchers
c. invoices
d. journals - ANSWER-d. journals
The KEY advantage of using an automated time and attendance
system is that it:
a. identifies phantom EEs
b. reduces errors
c. interfaces with the payroll system
d. frees supervisors from having to review hours - ANSWER-b.
reduces errors
As part of the implementation of a new payroll system, all
transactions from the most recent actual payroll are processed
in the new system prior to using the system to run payrolls. This
is an example of what type of testing?
a. compliance
b. back-up
c. ongoing
d. parallel - ANSWER-d. parallel
, To exhibit good customer service skills, payroll staff must
understand and be able to explain:
a. payroll forms
b. benefits enrollment techniques
c. systems design decisions
d. strategic departmental direction - ANSWER-a. payroll forms
All of the following data elements are required to be
maintained in the EE masterfile EXCEPT:
a. SSN
b. DOB
c. marital status
d. hourly rate of pay - ANSWER-c. marital status
Upward communication involves:
a. dissemination of management decisions to the staff
b. interactions between you and your manager
c. passing information to management
d. conducting quality circle meetings - ANSWER-c. passing
information to management
2024 FINAL EXAM WITH COMPLETE
QUESTIONS AND CORRECT ANSWERS
ALREADY A+ GRADED
Which of the following features is LEAST likely to be considered
when looking at the security of a new payroll system?
a. regular data back-up and storage
b. protection against computer viruses
c. limited system access
d. system edits - ANSWER-d. system edits
Company deadlines for payroll data input documents are
essential for:
a. timely processing of the payroll
b. accurate entry of data
c. guaranteeing that all information is processed
d. adequate auditing purposes - ANSWER-a. timely processing
of the payroll
,The BEST reason for tracking pay-related problem statistics is to
enable Payroll to:
a. identify root causes and take actions to prevent similar
recurrences
b. apologize to clients in a more professional manner
c. direct problems to those who caused the problem
d. justify more resources to handle more problems - ANSWER-
a. identify root causes and take actions to prevent similar
recurrences
With regard to EEs' reported tips, the ER must:
a. withhold and pay only the EEs' portion of FICA taxes on tips
b. report tax on tips separately when making an employment
tax deposit
c. report tips as wages on Form W-2 and pay the ER portion of
FICA taxes
d. report and pay the ER portion of FICA taxes on the portion of
cash tips above the federal minimum wage - ANSWER-c. report
tips as wages on Form W-2 and pay the ER portion of FICA taxes
Transactions are recorded in chronological order into books of
original entry called:
a. registers
,b. vouchers
c. invoices
d. journals - ANSWER-d. journals
The KEY advantage of using an automated time and attendance
system is that it:
a. identifies phantom EEs
b. reduces errors
c. interfaces with the payroll system
d. frees supervisors from having to review hours - ANSWER-b.
reduces errors
As part of the implementation of a new payroll system, all
transactions from the most recent actual payroll are processed
in the new system prior to using the system to run payrolls. This
is an example of what type of testing?
a. compliance
b. back-up
c. ongoing
d. parallel - ANSWER-d. parallel
, To exhibit good customer service skills, payroll staff must
understand and be able to explain:
a. payroll forms
b. benefits enrollment techniques
c. systems design decisions
d. strategic departmental direction - ANSWER-a. payroll forms
All of the following data elements are required to be
maintained in the EE masterfile EXCEPT:
a. SSN
b. DOB
c. marital status
d. hourly rate of pay - ANSWER-c. marital status
Upward communication involves:
a. dissemination of management decisions to the staff
b. interactions between you and your manager
c. passing information to management
d. conducting quality circle meetings - ANSWER-c. passing
information to management
