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CPP-Remote Exam Dumps : Certified Payroll Professional

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Certified Payroll Professional Questions and Answers

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Question 1

Which of the following would NOT be defined as a tax-deferred benefit?

Options:

A.

Non qualified plan contributions

B.

403(b) pretax contributions

C.

401(k) pretax contributions

D.

125 pretax contributions

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Question 2

The employer must withhold FICA and federal income taxes, and pay FUTA tax, when the employee's tips exceed what amount?

Options:

A.

$50 per month

B.

$50 per year

C.

$20 per month

D.

$20 per year

Question 3

Which of the following accounts has a normal debit balance?

Options:

A.

Liability

B.

Expense

C.

Revenue

D.

Equity

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