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Complete CPP-Remote APA Materials

Page: 3 / 9
Total 249 questions

Certified Payroll Professional Questions and Answers

Question 9

An accrual entry of $1,000 was made in 2008 for a bonus to be paid in January 2009. The bonus was paid in 2009 and federal income tax (using the supplemental rate) and FICA tax were paid by the employer. Which of the following is the correct entry to record the disbursement of the bonus in January 2009?

Options:

A.

Debit salary expense $1484.78, credit taxes payable $484.78, credit cash $1,000

B.

Debit salary expense $326.50, debit wages payable $1,000, credit cash $1,000, credit cash $1,000, credit taxes payable $326.50

C.

Debit salary expense $484.78, debit wages payable $1,000, credit cash $1,000, credit taxes payable $484.78

D.

Debit wages payable $1,326.50, debit taxes payable $326.50, credit cash $1, 00

Question 10

Which of the following is important when planning a problem-solving meeting?

Options:

A.

Determine the detailed solution you expect to hear from the participants

B.

Begin with an overview of good time management

C.

Prepare an agenda and distribute prior to the meeting

D.

Invite the participants who will agree with your position

Question 11

One of the key concepts in total quality management is:

Options:

A.

Management by "walking around"

B.

Employees are willing to accept responsibility

C.

Focus on customer satisfaction

D.

Frequent inspection of every phase of a production cycle

Question 12

Under the federal requirements, a restaurant establish me with 10 or more employees is required to report allocated tips if reported tips are less than what percentage of gross receipts?

Options:

A.

25%

B.

10%

C.

8%

D.

6%

Page: 3 / 9
Total 249 questions