APA CPP-Remote Exam - Topic 8 Question 19 Discussion

Actual exam question for APA's CPP-Remote exam

Question #: 19
Topic #: 8

[All CPP-Remote Questions]

EE deferrals under section 401(k) are subject to which taxes?

AFIT and FICA taxes

BFICA only taxes

CFICA and FUTA taxes

DFIT, FICA, and FUTA taxes

Show Suggested Answer

Suggested Answer: C

by Lawrence at Nov 19, 2022, 12:41 PM

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Huey

7 months ago

Not sure about that, sounds too complicated.

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Mari

7 months ago

Yup, it's A for sure!

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Clarinda

7 months ago

Wait, are FUTA taxes really involved?

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Tess

7 months ago

I think it's just FICA, right?

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Krissy

7 months ago

Definitely FIT and FICA taxes!

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Marvel

8 months ago

I feel like I saw a similar question where all three taxes were mentioned, but I need to double-check that.

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Coleen

8 months ago

I’m pretty certain that both FIT and FICA apply, but I can't recall if FUTA is involved.

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Katheryn

8 months ago

I remember practicing a question about 401(k) contributions, and I think FIT is included too.

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Marge

8 months ago

I think EE deferrals are only subject to FICA taxes, but I'm not completely sure.

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Laticia

8 months ago

Option A seems like the best example - it specifies a clear, measurable requirement for the "ID" field. The other options are more vague or subjective.

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Lang

8 months ago

This looks like a tricky one. I'd probably start by reviewing the contracts to understand the potential conflicts and see if I can find a way to align the incentives with the program objectives.

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