APA Exam CPP-Remote Topic 9 Question 22 Discussion

Actual exam question for APA's CPP-Remote exam

Question #: 22
Topic #: 9

[All CPP-Remote Questions]

From which of the following taxes are statutory workers' compensation payments exempt?

AFIT only

BFICA only

CFUTA only

DFIT, FICA, and FUTA taxes

Show Suggested Answer

Suggested Answer: D

by Regenia at Jan 09, 2023, 01:17 AM

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1 days ago

Hmm, I wasn't sure, but D makes sense. Can't be paying taxes on the compensation benefits, right?

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6 days ago

I'm not sure, but it makes sense that they would be exempt from all three taxes to support injured workers.

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6 days ago

I think the answer is D. Statutory workers' compensation payments are exempt from all the major federal taxes - FIT, FICA, and FUTA.

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7 days ago

I agree with Mari, because workers' compensation payments are exempt from all three taxes.

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9 days ago

I think the answer is D) FIT, FICA, and FUTA taxes.

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