APA Exam CPP-Remote Topic 2 Question 55 Discussion

Actual exam question for APA's CPP-Remote exam

Question #: 55
Topic #: 2

[All CPP-Remote 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

6 months 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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Lashawnda

5 months ago

I agree, A seems like the most straightforward option.

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Dominga

6 months ago

I'm not sure, but B sounds like a possibility as well.

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Luisa

6 months ago

I think A is the correct answer too. It makes the most sense.

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Kaitlyn

7 months 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

7 months 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

7 months 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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Timothy

6 months ago

I'm not sure about that. Option D could also be a possibility, applying the overage to benefits paid at age 65.

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Cherelle

6 months ago

I agree with you, Option A seems like the best option in this scenario.

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Aleisha

6 months ago

I think Option A is actually the correct choice. Taking a credit against FIT on Form 1040 makes more sense.

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Adelina

7 months 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

7 months 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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Dona

6 months ago

D) apply the overage to benefits paid at age 65

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Robt

6 months ago

C) apply the social security tax to next year's withholdings

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Miriam

6 months ago

B) demand that the ER refund the overage

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Cassie

6 months ago

A) take a credit against FIT on Form 1040

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Larae

7 months ago

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

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