Payroll Source Cpp Practice Exam Questions And Answers (Verified Answers) Latest Update (100 Questions With Answers)

Which of the following elements is essential to a disaster recovery plan? A. an excess supply of checks and direct deposit stubs B. a compatible off-site remote location to produce payrolls C. detailed documentation of current company policies D. a procedure for limiting security system access {Ans: B, A compatible off-site remote location to produce payrolls}When checking for phantom employees, which of the following actions should be taken? A. Notify the employees of an impending physical payout B. Have the managers hand checks out to their employees C. Have employees pick up checks and direct deposit/paycard advices and show identification. D. Mail checks directly to employees' homes {Ans: C. Have employees pick up checks and direct deposit/paycard advices and show identification}Penalties for failure to make timely deposits are determined by: A. a flat rate of 10% for late deposits B. 5% of the undeposited amount with a maximum of $100,000 C. 15% of the undeposited amount with a maximum of $100,000 D. a four-tiered penalty structure based on the number of days the deposit is late {Ans: D. a four-tiered penalty structure based on the number of days the deposit is late}Calculate the employee's gross pay under