APA CPP-Remote - Certified Payroll Professional

Projectplanningis the initial phase in a system implementation lifecycle. During this phase, the following tasks are performed:

Evaluating costs: Estimating the budget required for the new system.

Defining goals and objectives: Establishing the project’s scope and purpose.

Analyzing available resources: Reviewing available human, technical, and financial resources.

Conducting user trainingoccurs later, during theexecution or implementation phase,not during planning. Training prepares end-users once the system is configured or ready to be used, not when planning is being scoped.

Comprehensive and Detailed In-Depth Explanation:

Form 1094-C is thetransmittal formfor Form 1095-C (used for ACA reporting). It requires:

Employer’s name

EIN

Contact person info

Total Forms 1095-C filed

SSN is not required on 1094-C— it is reported on the1095-Cform instead.

Comprehensive and Detailed in Depth Explanation:

TheAffordable Care Act (ACA)defines threesafe harborsto determine if health coverage is “affordable”:

Form W-2 wages(Box 1)

Rate of pay(hourly × 130 hours/month or salary)

Federal Poverty Line(FPL)

These are used toavoid penalties under IRC §4980H(b).

The98% Offer Methodisnot a safe harbor for affordability, but rather areporting simplification optionon IRS Forms 1094-C/1095-C. It allows an ALE toskip reporting certain detailsif they offer coverage to at least 98% of full-time employees.

✅Correct answer isC – 98% Offer Method

Comprehensive and Detailed in Depth Explanation:

Inbasic accounting, accounts have “normal” balances:

Assets= Debit balance

Liabilities=Creditbalance

Equity= Credit balance

Expenses= Debit balance

Revenue= Credit balance

Liability accounts, such astaxes payable, wages payable, and accrued expenses, naturally carry acredit balance.

Option Ais a type of account, not a balance.

Option Bis incorrect for liabilities.

Option Dis a classification, not a balance type.

✅Therefore, the correct answer isC – Credit

Comprehensive and Detailed in-Depth Explanation:

Effective reporting to senior management requires clarity, brevity, timeliness, and the use of appropriate terminology. Including non-essential data can obscure key messages and reduce the report's effectiveness. Therefore, the correct answer is A. summarizing non-vital but related data elements for context.

Cost accountingis used to track, record, and analyze costs associated with the products or services a company provides. It includes forecasting project costs and revenues. It’s distinct from general financial accounting and focuses on internal decision-making.

Section 125 plans must not favorhighly compensated or key employees. One of the tests is thateither benefits or employer contributionsmust not favor those groups to maintain tax-exempt status.

Comprehensive and Detailed in Depth Explanation:

TheSocial Security Administration (SSA)is responsible forprocessing Forms W-2filed by employers. They manage theBusiness Services Online (BSO)portal, which allows employers to submit wage and tax statements electronically.

TheSSA’s BSO systemincludes tools for verifying employee names and SSNs, uploading W-2s, and viewing submission confirmations.

Other options explained:

DOL (Department of Labor):Oversees labor standards, not W-2 reporting.

EEOC (Equal Employment Opportunity Commission):Handles workplace discrimination issues.

ICE (Immigration and Customs Enforcement):Handles immigration and employment eligibility—not wage reporting.

✅The correct answer isD – SSA

Comprehensive and Detailed In-Depth Explanation:

Biweekly salary:$130,000 ÷ 26 = $5,000

401(k) deferral:11% of $5,000 = $550

FIT taxable wages:$5,000 − $550 = $4,450

Subtract dependent credit ($4,000 ÷ 26 ≈ $153.85)→ Adjusted FIT wages = $4,296.15

UseIRS Percentage Method (2023)for Married Filing Jointly on $4,296.15

Assuming approx. FIT withheld = $391

Add FICA:

SS: $5,000 × 6.2% = $310

Medicare: $5,000 × 1.45% = $72.50→ Total deductions ≈ $550 (401k) + $391 + $382.50 = $1,323.50Net pay = $5,000 − $1,323.50 ≈ $3,592.97

Comprehensive and Detailed in Depth Explanation:

Good customer serviceincludes:

Empathy (A)

Prompt communication (B)

Confidence in answers (D)

Option Cis incorrect becausewaiting until a resolution is known delays responsiveness.Best practice is torespond even if only to acknowledge the issue, while continuing to work on resolution.

✅Therefore, correct answer isC