CPP Domain 2: Compliance/Research and Resources Welcome to your CPP Domain 2: Compliance/Research and Resources 1. CPP: Compliance/Research and Resources What is the primary purpose of the Fair Labor Standards Act (FLSA) as it pertains to payroll? A. To regulate the use of payroll software and technology B. To establish minimum wage, overtime pay eligibility, and recordkeeping standards C. To govern the investment of payroll funds into retirement accounts D. To set standards for payroll deductions and garnishments None 2. CPP: Compliance/Research and Resources Under the Family and Medical Leave Act (FMLA) eligible employees are entitled to how many weeks of unpaid, job-protected leave for specified family and medical reasons in a 12-month period? A. 6 weeks B. 12 weeks C. 18 weeks D. 24 weeks None 3. CPP: Compliance/Research and Resources Which of the following statements is true regarding the garnishment of employee wages? A. Employers can garnish the entire paycheck if authorized by a court. B. The Consumer Credit Protection Act (CCPA) limits the amount of an employee's earnings that may be garnished in any workweek or pay period. C. State laws have no impact on wage garnishments, as they are governed exclusively by federal law. D. Child support garnishments are limited to 10% of disposable earnings regardless of state laws. None 4. CPP: Compliance/Research and Resources What is the primary requirement for compliance with the Equal Pay Act (EPA) A. Employers must conduct annual pay audits and report to the EEOC. B. Employers must provide equal pay for equal work, regardless of gender. C. Employers must disclose all employee salaries publicly. D. Employers must ensure that all employees have access to health insurance. None 5. CPP: Compliance/Research and Resources Which document must employers file annually with the IRS to report federal unemployment taxes? A. Form W-2 B. Form W-4 C. Form 940 D. Form 941 None 6. CPP: Compliance/Research and Resources In the context of payroll, what is the primary function of Form I-9, Employment Eligibility Verification? A. To determine an employee's tax withholding rates B. To verify an employee's eligibility to work in the United States C. To report an employee's annual earnings to the IRS D. To document an employee's request for health insurance benefits None 7. CPP: Compliance/Research and Resources What is the significance of the "constructive receipt doctrine" in payroll? A. It dictates that employers must use electronic funds transfer for all payroll disbursements. B. It states that wages are taxable when they are paid or made available to the employee, regardless of when they are actually received. C. It requires that all employees receive a minimum of two weeks' vacation pay per year. D. It mandates that employers provide employees with a detailed breakdown of deductions for each pay period. None 8. CPP: Compliance/Research and Resources Under IRS guidelines, which type of compensation is considered a "fringe benefit" that may be taxable to the employee? A. Standard hourly wages B. Contributions to a 401(k) plan up to the legal limit C. Use of a company car for personal purposes D. Overtime pay None 9. CPP: Compliance/Research and Resources Which federal act requires employers to maintain records of employees' wages, hours, and other conditions and practices of employment? A. The Fair Labor Standards Act (FLSA) B. The Family and Medical Leave Act (FMLA) C. The Occupational Safety and Health Act (OSHA) D. The Equal Pay Act (EPA) None 10. CPP: Compliance/Research and Resources What does the term "exempt employee" refer to in the context of the Fair Labor Standards Act (FLSA) A. An employee who is exempt from federal income tax withholding B. An employee who is not covered by workers' compensation insurance C. An employee who is not entitled to overtime pay under FLSA guidelines D. An employee who is exempt from participating in health insurance plans None 11. CPP: Compliance/Research and Resources For payroll compliance, the Affordable Care Act (ACrequires applicable large employers (ALEs) to offer health insurance that meets certain standards. How is an ALE defined? A. Any employer with 50 or more full-time equivalent employees B. Any employer with 100 or more full-time employees C. Any employer that operates in more than one state D. Any employer with annual revenues exceeding $500,000 None 12. CPP: Compliance/Research and Resources Which regulation requires employers to report newly hired and re-hired employees to a state directory within 20 days of their hire or rehire date? A. The Employee Retirement Income Security Act (ERISA) B. The New Hire Reporting Program C. The Federal Insurance Contributions Act (FICA) D. The Consolidated Omnibus Budget Reconciliation Act (COBRA) None 13. CPP: Compliance/Research and Resources What is the primary purpose of the Davis-Bacon Act in relation to payroll compliance? A. To ensure that all employees are given at least two weeks of paid vacation annually. B. To mandate the electronic filing of all payroll tax returns. C. To require employers to provide health insurance to all full-time employees. D. To mandate that contractors and subcontractors pay their laborers and mechanics a minimum wage determined by the Department of Labor. None 14. CPP: Compliance/Research and Resources Under the Sarbanes-Oxley Act (SOX), what critical payroll-related requirement must publicly traded companies adhere to? A. CEOs and CFOs must personally certify the accuracy of financial information, including payroll expenses. B. All payroll transactions must be processed using blockchain technology for transparency. C. Payroll records must be stored offsite in a secure location. D. Companies must use a standardized payroll software system approved by the SEC. None 15. CPP: Compliance/Research and Resources What is the impact of the Worker Adjustment and Retraining Notification (WARN) Act on payroll administration during mass layoffs? A. It requires companies to provide a 60-day notice period to affected employees or pay wages and benefits for the notice period. B. It obligates companies to offer severance packages equal to one week of pay for every year of service. C. It mandates that companies immediately pay out all accrued vacation and sick leave to terminated employees. D. It necessitates the continuation of health insurance for up to 18 months after termination. None 16. CPP: Compliance/Research and Resources In payroll compliance, what is the primary function of the Electronic Federal Tax Payment System (EFTPS)? A. To allow employees to electronically file their individual income tax returns. B. To enable employers to electronically report and pay federal payroll taxes. C. To facilitate direct deposit of employee wages. D. To provide electronic access to employees' annual W-2 forms. None 17. CPP: Compliance/Research and Resources What requirement does the Uniformed Services Employment and Reemployment Rights Act (USERR impose on employers regarding payroll? A. Employers must continue to pay the full salary of employees who are on active military duty. B. Employers must allow employees returning from military service to reclaim their job and any missed wages or benefits. C. Employers are required to match any military pay an employee receives while on active duty. D. Employers must provide annual military leave in addition to vacation and sick leave. None 18. CPP: Compliance/Research and Resources How does the Affordable Care Act (AC affect payroll reporting for Applicable Large Employers (ALEs)? A. ALEs must report the cost of health care benefits on each employee's W-2 form. B. ALEs are required to provide detailed health insurance coverage reports to the IRS annually using Forms 1094-C and 1095-C. C. ALEs must deduct a standard health care contribution from every employee's paycheck, regardless of enrollment in employer-sponsored health plans. D. ALEs are obligated to report the number of part-time employees eligible for health insurance on quarterly 941 forms. None 19. CPP: Compliance/Research and Resources What is the main purpose of the "payroll source" as a resource for payroll professionals? A. To provide a comprehensive guide for best practices in payroll software development. B. To offer a detailed directory of payroll service providers and vendors. C. To serve as a primary reference for understanding and complying with federal and state payroll-related laws and regulations. D. To act as an online forum for payroll professionals to discuss industry trends. None 20. CPP: Compliance/Research and Resources Under the Consolidated Omnibus Budget Reconciliation Act (COBR what is the maximum period for which continuation of group health coverage must be offered to qualified beneficiaries following a qualifying event? A. 6 months B. 12 months C. 18 months D. 36 months None 1 out of 20 Time is Up! Time's up
