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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Margart

2 months ago

Definitely D. Can't imagine the government double-dipping on those payments. Gotta love those tax exemptions!

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Armando

10 days ago

I'm glad we have those exemptions in place. It would be tough for workers if they were taxed on their workers' compensation payments.

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Kimbery

23 days ago

I think you're right, D is the best option. It's good to know that those payments are exempt from all three taxes.

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Erasmo

28 days ago

I agree, D seems like the right choice. It wouldn't make sense for them to tax those payments.

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Breana

2 months ago

Haha, imagine if we had to pay taxes on our workers' comp. That would just be adding insult to injury!

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Malika

20 hours ago

Definitely, workers' comp is supposed to help, not hurt.

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Salome

2 days ago

I know right! That would be terrible.

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Loise

21 days ago

D) FIT, FICA, and FUTA taxes

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Kanisha

1 months ago

C) FUTA only

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Hildegarde

1 months ago

B) FICA only

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Barney

2 months ago

A) FIT only

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Dahlia

2 months ago

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

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Laurel

28 days ago

Exactly, it wouldn't make sense to tax those benefits. D is the right choice.

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Craig

29 days ago

I agree, D makes sense. We shouldn't have to pay taxes on workers' compensation.

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Sina

1 months ago

D) FIT, FICA, and FUTA taxes

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Altha

1 months ago

C) FUTA only

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Marsha

1 months ago

B) FICA only

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Yolando

2 months ago

A) FIT only

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Hoa

2 months 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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Lashonda

2 months 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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Ciara

20 days ago

No problem! It's always good to learn something new about taxes.

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Huey

28 days ago

I didn't know that. Thanks for sharing!

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Steffanie

1 months ago

That's correct! Statutory workers' compensation payments are indeed exempt from FIT, FICA, and FUTA taxes.

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Esteban

2 months 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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Gail

2 months ago

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

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Mari

2 months ago

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

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