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Last Update Dec 3, 2024
Total Questions : 249

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Total Questions : 249

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Certified Payroll Professional

Last Update Dec 3, 2024
Total Questions : 249

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Certified Payroll Professional Questions and Answers

Questions 1

When making the federal payroll tax deposit, the accounting entry to record an advance payment of EIC would be:

Options:

A.

Debit EIC payable, credit cash

B.

Debit cash, credit EIC payable

C.

Debit FIT payable, credit cash

D.

Debit EIC payable, credit FICA payable

Questions 2

Which form is used to request an employer identification number?

Options:

A.

SS-5

B.

SS-4

C.

I-9

D.

SS-8

Questions 3

An employer that pays its state unemployment contributions after the due date of the Form 940 has its FUTA credit reduced by what percentage?

Options:

A.

90.0%

B.

5.4%

C.

10.0%

D.

6.2%