CPP CPP Advanced Practice 5

Question 1

Under the FMLA, how many weeks of unpaid leave is a covered employee entitled to for the birth of a child in a 12-month period?

Accepted Answer

12 weeks

Answer

The FMLA provides eligible employees up to 12 weeks of unpaid, job-protected leave per year for qualifying reasons including birth of a child.

Question 2

An employer is reconciling Form W-2 totals to Form 941 totals. Social Security wages on the W-2s are $50,000 more than the 941 totals. Which error most likely caused this discrepancy?

Accepted Answer

An employee's wages were under-reported on Form 941

Answer

If W-2 Social Security wages exceed 941 totals, wages were likely under-reported on Form 941 (quarterly returns), creating a shortfall that must be corrected with Form 941-X.

Question 3

What is the lookback period an employer uses to determine their federal tax deposit schedule for 2024?

Accepted Answer

July 1, 2022 – June 30, 2023

Answer

The lookback period for determining the 2024 deposit schedule is the 12-month period from July 1, 2022 through June 30, 2023.

Question 4

An employee repays a $3,000 wage overpayment from a prior year. How should the employer handle the FICA taxes?

Accepted Answer

File Form 941-X to claim a refund of employer FICA; employee must file Form 843 for employee share

Answer

For prior-year overpayments, the employer files Form 941-X to claim a refund of the employer FICA share, and the employee files Form 843 to recover their employee FICA share.

Question 5

Which of the following is a 'qualified plan award' that may be excluded from an employee's income under IRC §274?

Accepted Answer

A $1,500 watch presented at a meaningful ceremony for 10 years of service

Answer

Qualified plan awards of tangible personal property (not cash or gift cards) given at a meaningful ceremony for safety or length-of-service can be excluded up to $1,600 per year.

CPP - Certified Payroll Professional Practice Test

CPP - Certified Payroll Professional Practice Test

CPP CPP Advanced Practice 5