APA Exam CPP-Remote Topic 2 Question 55 Discussion

Actual exam question for APA's Certified Payroll Professional exam

Question #: 55
Topic #: 2

[All Certified Payroll Professional Questions]

An EE who works for more than one ER and has exceeded the social security wage base may:

Atake a credit against FIT on Form 1040

Bdemand that the ER refund the overage

Capply the social security tax to next year's withholdings

Dapply the overage to benefits paid at age 65

Show Suggested Answer

Suggested Answer: A

by Sunshine at Sep 17, 2024, 01:39 AM

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Salley

2 days ago

This is a tricky one, but I'm leaning towards A. Taking a credit against FIT on Form 1040 seems like the easiest solution.

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Kaitlyn

7 days ago

I'm not sure, but I think I agree with Yvonne. It makes sense to apply the overage to next year's withholdings.

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Yvonne

11 days ago

I disagree, I believe the correct answer is C) apply the social security tax to next year's withholdings.

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Laticia

13 days ago

Hmm, I'm not so sure. Option C seems like it could be the right answer here. Applying it to next year's withholdings is a smart move.

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Adelina

18 days ago

Haha, right? I'm an English major, not an accountant. I feel like I need a calculator to figure this one out.

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Tina

21 days ago

Wait, is anyone else as confused as I am about this whole 'EE' and 'ER' business? I thought this was an English exam!

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Larae

26 days ago

I think the answer is A) take a credit against FIT on Form 1040.

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