Free APA CPP-Remote Practice Exam with Questions & Answers | Set: 4

Debit salary expense $1484.78, credit taxes payable $484.78, credit cash $1,000

Debit salary expense $326.50, debit wages payable $1,000, credit cash $1,000, credit cash $1,000, credit taxes payable $326.50

Debit salary expense $484.78, debit wages payable $1,000, credit cash $1,000, credit taxes payable $484.78

Debit wages payable $1,326.50, debit taxes payable $326.50, credit cash $1, 00

Employees receive paid sick leave after the second day of absence.

Time cards are filed by cost center in the records room

the PC's of the payroll employees are connected to the same printer

Payroll receives changes of status documents from human resources after data entry has occurred

a four-tiered penalty structure based on the number of days the deposit is late

15% of the undeposited amount with a maximum of $100,000

a flat rate of 10% for late deposits

5% of the undeposited amount with a maximum of $100,000

Paradigm shift

Cognitive deviation

Pygmalion effect

Doctrinaire approach

Travel expenses of spouse to search for new residence at new job location

Mileage for a pre-move house hunting trip

Lodging expenses while waiting for the new home to be built

Mileage while moving from the old residence to the new

Rewarding team members for their collective successes

Acknowledging a team member is failing at the regular team meeting

Posting defects and the perpetrator's name as an example to others

Terminating a team member at the first delayed deliverable

ISO (incentive stock option)

ESOP (employee stock ownership plan)

Restricted stock

NSO (no incentive stock option)

15%

20%

27%

30%

No particular rate is required

100% of the federal minimum wage

50% of the federal minimum wage

20% of the federal minimum wage

The payroll manager periodically distributes paychecks

Balances in liability

Payroll journal entries are approved by the finance manager

A calendar is maintained for payroll run dates