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APA CPP-Remote Exam - Topic 1 Question 14 Discussion

A payroll register for the pay period shows gross earnings of $300,000 and deductions of $120,000. The entry to the payroll expense account would be:
C) $300,000
A) $120,000
B) $180,000
D) $420,000

APA CPP-Remote Exam - Topic 1 Question 14 Discussion

Actual exam question for APA's CPP-Remote exam
Question #: 14
Topic #: 1
[All CPP-Remote Questions]

A payroll register for the pay period shows gross earnings of $300,000 and deductions of $120,000. The entry to the payroll expense account would be:

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Suggested Answer: C

by Fausto at Jul 30, 2022, 07:15 AM

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Fernanda
8 months ago
I thought it would be less after deductions, but I guess not!
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Tennie
8 months ago
Totally agree, it’s $300,000 for sure!
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Brock
9 months ago
Wait, how can it be $300,000? What about the deductions?
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Alonzo
9 months ago
Definitely $300,000, that's the total before deductions!
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Slyvia
9 months ago
The payroll expense is usually the gross earnings, so $300,000.
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Tiera
9 months ago
I’m confused about the deductions part. I thought the payroll expense would be the total before deductions, but I could be wrong.
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Joseph
9 months ago
This question seems familiar; I practiced something similar where the payroll expense was just the gross amount. So, I’m leaning towards $300,000.
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Jade
9 months ago
I’m not entirely sure, but I think deductions are subtracted from gross earnings, so maybe it’s $180,000?
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Ashanti
9 months ago
I remember that payroll expense should reflect the total gross earnings, so I think it might be $300,000.
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Leigha
9 months ago
Okay, let me see here. The question is asking what I need to assign to the WBS element, not how to do the overall allocation. I'm leaning towards B - Costing Sheet, since that would have the details I need to properly charge overhead.
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Tegan
9 months ago
This is a tricky one. The passage doesn't explicitly state the relationship between business factors and benchmark scope. I'll have to rely on my understanding of the concepts to work through this.
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Xenia
10 months ago
I remember discussing the importance of redundancy in the core layer, so I'm leaning towards option B for faster convergence.
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Willard
10 months ago
Key strategy here is to first calculate total taxable income after applying the full 80C deduction, then compute the tax liability. Lots of steps involved.
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