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| Section | Weight | Objectives |
|---|
| Audits | 9% | - Audit Types
- 1. IRS audits (W-2/W-4)
- 2. Third-party audits
- 3. Internal controls
- Audit Procedures
- 1. Discrepancy resolution
- 2. Reconciliations
|
| Core Payroll Concepts | 24% | - Fair Labor Standards Act (FLSA)
- 1. Hours worked
- 2. Minimum wage
- 3. Exempt vs. Non-exempt status
- 4. Overtime
- Employee Benefits
- 1. Retirement plans
- 2. Taxable vs. non-taxable benefits
- 3. Fringe benefits
- Employment Taxes
- 1. SUTA
- 2. FUTA
- 3. FICA (Social Security & Medicare)
- Payroll Process Workflow
- 1. Data entry and validation
- 2. Payroll schedules
- 3. New hires and terminations
|
| Accounting | 9% | - Accounting Principles
- 1. General ledger
- 2. Account reconciliation
- Financial Reporting
- 1. Financial statements impact
- 2. Payroll journal entries
|
| Calculation of the Paycheck | 20% | - Gross Pay
- 1. Commissions and bonuses
- 2. Regular and overtime pay
- 3. Shift differentials
- Deductions
- 1. Statutory deductions (Taxes)
- 2. Garnishments and child support
- 3. Voluntary deductions
- Net Pay Calculation
- 1. YTD calculations
- 2. Paycheck formatting
|
| Payroll Administration and Management | 10% | - Project Management
- 1. System upgrades
- 2. Process improvements
- Management Functions
- 1. Staffing and development
- 2. Policies and procedures
- 3. Customer service
|
| Payroll Process and Supporting Systems and Administration | 12% | - Operations
- 1. Quarterly and year-end processing
- 2. Record keeping
- 3. Direct deposit and payment methods
- Payroll Systems
- 1. System implementation
- 2. Integration with HR/Accounting
- 3. Software applications
|
| Compliance/Research and Resources | 16% | - Federal Regulations
- 1. DOL regulations
- 2. Garnishment laws
- 3. IRS regulations and publications
- Research Tools
- 1. IRS Publications
- 2. State agency websites
- 3. Professional resources
- State and Local Regulations
- 1. Income tax withholding
- 2. State-specific labor laws
- 3. Local taxes
|
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APA Certified Payroll Professional Sample Questions (Q72-Q77):
NEW QUESTION # 72
Under the FLSA, how many hours would be paid at time and one half for the following biweekly period, assuming that the employee is an assembly line worker?

Answer: D
NEW QUESTION # 73
Which of the following forms must be submitted annually by large food and beverage establishments with monthly deposit obligations of more than $100,000?
Answer: D
NEW QUESTION # 74
When completing Form W-2, allocated tips would be included in:
- A. Box 3
- B. Box 1
- C. Box 8
- D. Box 7
Answer: C
Explanation:
Comprehensive and Detailed In-Depth Explanation:
Allocated tipsare tips assigned to employees by the employer (usually in large food/beverage establishments) when reported tips are below a certain percentage of sales. These are reportedin Box 8of theForm W-2andnot included in Box 1 wagesbecause they're not subject to withholding unless actually received.
* Box 1- Wages, tips, compensation
* Box 3- Social Security wages
* Box 7- Social Security tips
* Box 8-Allocated tips
NEW QUESTION # 75
Under the claim-of-right rule, a salary overpayment that is discovered by the employer in the tax year following the year of overpayment:
- A. Cannot be deducted from the employee's wages because employee has a right to the payment
- B. Can be deducted from wages on an after-tax basis
- C. Cannot be deducted from wages at all
- D. Can be deducted on a pretax basis from regular wages
Answer: B
NEW QUESTION # 76
An employer that pays its state unemployment contributions after the due date of the Form 940 has its FUTA credit reduced by what percentage?
- A. 90.0%
- B. 6.2%
- C. 5.4%
- D. 10.0%
Answer: D
NEW QUESTION # 77
......
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