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Certified Payroll Professional (CPP): Exam Prep & Study Guide Final Exam

Free Practice Test Instructions:

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

Question 1 1. The people that have invested money into a company, as well as those who are considering making an investment into the company, are called _____.

Question 2 2. Break-even point in units can be calculated using which one of the following formulas?

Question 3 3. Identify the person that performs the financial statement audit?

Question 4 4. In her role as an accountant for ABC Manufacturing Janis has uncovered a pattern of errors made by one clerk in the parts department. How should Janis handle this situation?

Question 5 5. Which of the following is true of the taxation of group life insurance premiums?

Question 6 6. Which of the following is TRUE of a non carried group life insurance policy?

Question 7 7. Which rule describes an employer arranging a group life insurance plan so that some employees subsidize other employee's costs?

Question 8 8. How are group life insurance dividends taxed?

Question 9 9. An employee who wishes to have more tax withheld should _____.

Question 10 10. What is the flat percentage rate for withholding federal income taxes from supplementary wages?

Question 11 11. Which of the following is an example of a mandatory benefit?

Question 12 12. How does the Social Security tax change for high earners?

Question 13 13. Why should employees have to fill out a W4 form?

Question 14 14. Human Resource departments are responsible for maintaining documentation on all company employees. Which of the following could be problematic if not handled correctly?

Question 15 15. What is the overtime rate of pay for non-exempt workers?

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Certified Payroll Professional (CPP): Exam Prep & Study Guide Final Free Practice Test Instructions

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

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