APA Certified Payroll Professional CPP-Remote Question # 8 Topic 1 Discussion
CPP-Remote Exam Topic 1 Question 8 Discussion:
Question #: 8
Topic #: 1
Wages were scheduled to be paid on December 30, 2023. Due to a system issue, payments were processed on January 3, 2024. How should the payments be taxed?
A.
Calculate and withhold using the 2023 tax tables and wage limits.
B.
Calculate and withhold using the 2024 tax tables and wage limits.
C.
Calculate and withhold using the 2023 wage limits and 2024 tax tables.
D.
Calculate and withhold using the 2024 wage limits and 2023 tax tables.
Underconstructive receipt rulesfrom the IRS, wages aretaxable in the year they are actually paid, not when they were scheduled. Since the paycheck was issued in2024,2024 tax rates and limits apply, even though the work was done in 2023.
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