Question 1

Form 940, Employee's Annual Federal Unemployment shows:

Accepted Answer

A) Payroll withholdings on each paycheck issued by the employer. 
B) Unemployment taxes paid and due by the employer. 
C) Assessment and surcharges. 
D) Employer and employee federal income tax, Social Security and Medicare. 
E) None of these. 
A) Payroll withholdings on each paycheck issued by the employer. 
B) Unemployment taxes paid and due by the employer. 
C) Assessment and surcharges. 
D) Employer and employee federal income tax, Social Security and Medicare. 
E) None of these. B

Question 2

In Chapter 11, the employee is paid:

Accepted Answer

A) Weekly. 
B) Semi-monthly. 
C) Monthly. 
D) Annually. 
E) None of these. 
A) Weekly. 
B) Semi-monthly. 
C) Monthly. 
D) Annually. 
E) None of these. A

Question 3

Employees complete Form W-4.

Accepted Answer

A) True 
 B)False  True

Question 4

Employee Information includes:

Accepted Answer

A) Paycheck deductions. 
B) Company bank account. 
C) Quarterly state and federal tax filings. 
D) Reports. 
E) All of these. 
A) Paycheck deductions. 
B) Company bank account. 
C) Quarterly state and federal tax filings. 
D) Reports. 
E) All of these.

Question 5

This information is available from your state or local tax agency.

Accepted Answer

A) State Unemployment Insurance Contribution Rate. 
B) State Agency ID number. 
C) Schedule for Tax Deposits. 
D) Tax Payment information. 
E) All of these. 
A) State Unemployment Insurance Contribution Rate. 
B) State Agency ID number. 
C) Schedule for Tax Deposits. 
D) Tax Payment information. 
E) All of these.

Question 6

Employee withholdings that are collected within paychecks are filed by the employer.

Accepted Answer

A) True 
 B)False

Question 7

In Chapter 11, paychecks are issued on Monday.

Accepted Answer

A) True 
 B)False

Question 8

QBO_Student Name is located in this City and State:

Accepted Answer

A) Los Angeles, California. 
B) Milwaukee, Wisconsin. 
C) Springfield, Illinois. 
D) Tucson, Arizona. 
E) None of these. 
A) Los Angeles, California. 
B) Milwaukee, Wisconsin. 
C) Springfield, Illinois. 
D) Tucson, Arizona. 
E) None of these.

Question 9

Payroll liability accounts are classified as expenses.

Accepted Answer

A) True 
 B)False

Question 10

In Chapter 11, the name of the employee added is:

Accepted Answer

A) Brice McClure. 
B) Matt Lowe. 
C) Student first and last name. 
D) None of these. 
E) All of these. 
A) Brice McClure. 
B) Matt Lowe. 
C) Student first and last name. 
D) None of these. 
E) All of these.

Question 11

It's optional whether to submit federal tax deposit payments electronically.

Accepted Answer

A) True 
 B)False

Question 12

The most common default for paychecks is no deductions.

Accepted Answer

A) True 
 B)False

Question 13

Who is your payroll contact?

Accepted Answer

A) Student's first and last name. 
B) Your professor. 
C) Mr.and Mrs.John Smith. 
D) Cindy Barber. 
E) None of these. 
A) Student's first and last name. 
B) Your professor. 
C) Mr.and Mrs.John Smith. 
D) Cindy Barber. 
E) None of these.

Question 14

In Chapter 11, Paycheck #1118 shows gross pay of $509.71.

Accepted Answer

A) True 
 B)False

Question 15

The Premium and Core payroll apps are for 30 days.

Accepted Answer

A) True 
 B)False

Question 16

This form __________ shows a summary of the employer's W-2 forms.

Accepted Answer

A) W-2, Wage and Tax Statement. 
B) Form I-9, Employment Eligibility Verification. 
C) W-4, Employee's Withholding Certificate. 
D) W-3, Transmittal of Wage and Tax Statements. 
E) None. 
A) W-2, Wage and Tax Statement. 
B) Form I-9, Employment Eligibility Verification. 
C) W-4, Employee's Withholding Certificate. 
D) W-3, Transmittal of Wage and Tax Statements. 
E) None.

Question 17

Companies that owe a lot of payroll tax typically pay and file more frequently.

Accepted Answer

A) True 
 B)False

Question 18

QBO includes __________ for paying taxes to federal and state agencies.

Accepted Answer

A) Internet links for filing payroll liabilities. 
B) Monthly paychecks. 
C) E-File. 
D) None of these. 
E) All of these. 
A) Internet links for filing payroll liabilities. 
B) Monthly paychecks. 
C) E-File. 
D) None of these. 
E) All of these.

Question 19

In Chapter 11, the employee is paid with a/an:

Accepted Answer

A) Electronic transfer to the bank. 
B) Paper check. 
C) In cash. 
D) None of these. 
E) All of these. 
A) Electronic transfer to the bank. 
B) Paper check. 
C) In cash. 
D) None of these. 
E) All of these.

Question 20

QBO automatically sets up default accounts for payroll liabilities and expenses.

Accepted Answer

A) True 
 B)False

Form 940, Employee's Annual Federal Unemployment shows:

In Chapter 11, the employee is paid:

Employees complete Form W-4.

Employee Information includes:

This information is available from your state or local tax agency.

Employee withholdings that are collected within paychecks are filed by the employer.

In Chapter 11, paychecks are issued on Monday.

QBO_Student Name is located in this City and State:

Payroll liability accounts are classified as expenses.

In Chapter 11, the name of the employee added is:

It's optional whether to submit federal tax deposit payments electronically.

The most common default for paychecks is no deductions.

Who is your payroll contact?

In Chapter 11, Paycheck #1118 shows gross pay of $509.71.

The Premium and Core payroll apps are for 30 days.

This form __________ shows a summary of the employer's W-2 forms.

Companies that owe a lot of payroll tax typically pay and file more frequently.

QBO includes __________ for paying taxes to federal and state agencies.

In Chapter 11, the employee is paid with a/an:

QBO automatically sets up default accounts for payroll liabilities and expenses.

Quickbooks Online Test-Drive

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Beginning Balances and October Transaction Register

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Exam 11: Employees and Payroll

Form 940, Employee's Annual Federal Unemployment shows:

In Chapter 11, the employee is paid:

Employees complete Form W-4.

Employee Information includes:

This information is available from your state or local tax agency.

Employee withholdings that are collected within paychecks are filed by the employer.

In Chapter 11, paychecks are issued on Monday.

QBO_Student Name is located in this City and State:

Payroll liability accounts are classified as expenses.

In Chapter 11, the name of the employee added is:

It's optional whether to submit federal tax deposit payments electronically.

The most common default for paychecks is no deductions.

Who is your payroll contact?

In Chapter 11, Paycheck #1118 shows gross pay of $509.71.

The Premium and Core payroll apps are for 30 days.

This form __________ shows a summary of the employer's W-2 forms.

Companies that owe a lot of payroll tax typically pay and file more frequently.

QBO includes __________ for paying taxes to federal and state agencies.

In Chapter 11, the employee is paid with a/an:

QBO automatically sets up default accounts for payroll liabilities and expenses.

Quickbooks Online Test-Drive

New Company Setup and the Chart of Accounts

Beginning Balances and October Transaction Register

Vendors and Inventory

Customers and Sales

December Source Documents

Analysis and Reportsend of Fourth Quarter and Year

January Source Documents

February Source Documents

March Source Documents and End of First Quarter

Certification, Customize Reports, Qb Labs, Mobile App and Updates

Filters