Question 1

Reconciling a bank account is balancing the bank statement with the check stub/check register balance.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following web sites can you consult to obtain information about an application for an Employer Identification Number?

Accepted Answer

A)  "http://www.irs.gov/publications" 
B)  "http://www.ada.org" 
C)  "http://www.gov.org" 
A)  "http://www.irs.gov/publications" 
B)  "http://www.ada.org" 
C)  "http://www.gov.org"

Question 3

An employer must keep all records pertaining to employment taxes available for inspection by the IRS. These records may be discarded after the federal income tax has been filed for that year.

Accepted Answer

A)  The first statement is true and the second statement is false. 
B)  The first statement is false and the second statement is true. 
C)  Both statements are true. 
D)  Both statements are false. 
A)  The first statement is true and the second statement is false. 
B)  The first statement is false and the second statement is true. 
C)  Both statements are true. 
D)  Both statements are false.

Question 4

To achieve an acceptable level of profit, what must be kept in balance with the expenditures?

Accepted Answer

A)  Revenue 
B)  Checks 
C)  Profit 
D)  Loss 
A)  Revenue 
B)  Checks 
C)  Profit 
D)  Loss

Question 5

The endorsement "For deposit in account of J.L. Lake" is referred to as a(n):

Accepted Answer

A)  blank endorsement. 
B)  endorsement in full. 
C)  restrictive endorsement. 
A)  blank endorsement. 
B)  endorsement in full. 
C)  restrictive endorsement.

Question 6

A dental assistant earns $14 per hour. Based on a standard workweek of 40 hours with time and a half for overtime, her gross pay for working 45 hours is:

Accepted Answer

A)  $455. 
B)  $630. 
C)  $665. 
D)  $945. 
A)  $455. 
B)  $630. 
C)  $665. 
D)  $945.

Question 7

A dental assistant has gross weekly earnings of $560. The following amounts were withheld: $50 for federal taxes, $43 for FICA, and $50 for a deposit to the credit union. What is the net pay?

Accepted Answer

A)  $417 
B)  $460 
C)  $467 
D)  $517 
A)  $417 
B)  $460 
C)  $467 
D)  $517

Question 8

A money order has the same function as a cashier's check in that it is a method of paying a creditor without the use of a personal check. A fee is charged for a money order but not for a cashier's check.

Accepted Answer

A)  The first statement is true and the second statement is false. 
B)  The first statement is false and the second statement is true. 
C)  Both statements are true. 
D)  Both statements are false. 
A)  The first statement is true and the second statement is false. 
B)  The first statement is false and the second statement is true. 
C)  Both statements are true. 
D)  Both statements are false.

Question 9

Which of the following is an employer not required to withhold from an employee's payroll check?

Accepted Answer

A)  FICA 
B)  Withholding 
C)  Local income tax where applicable 
D)  State income tax where applicable 
E)  Alimony 
A)  FICA 
B)  Withholding 
C)  Local income tax where applicable 
D)  State income tax where applicable 
E)  Alimony

Question 10

The parts of a check include the following except the:

Accepted Answer

A)  check number. 
B)  PIN number. 
C)  ABA bank number. 
D)  amount of the check. 
A)  check number. 
B)  PIN number. 
C)  ABA bank number. 
D)  amount of the check.

Reconciling a bank account is balancing the bank statement with the check stub/check register balance.

Which of the following web sites can you consult to obtain information about an application for an Employer Identification Number?

An employer must keep all records pertaining to employment taxes available for inspection by the IRS. These records may be discarded after the federal income tax has been filed for that year.

To achieve an acceptable level of profit, what must be kept in balance with the expenditures?

The endorsement "For deposit in account of J.L. Lake" is referred to as a(n):

A dental assistant earns $14 per hour. Based on a standard workweek of 40 hours with time and a half for overtime, her gross pay for working 45 hours is:

A dental assistant has gross weekly earnings of $560. The following amounts were withheld: $50 for federal taxes, $43 for FICA, and $50 for a deposit to the credit union. What is the net pay?

A money order has the same function as a cashier's check in that it is a method of paying a creditor without the use of a personal check. A fee is charged for a money order but not for a cashier's check.

Which of the following is an employer not required to withhold from an employee's payroll check?

The parts of a check include the following except the:

The Business of Dentistry

Dental Team Management

Patient Management

Legal and Ethical Issues in the Dental Business Office

Technology in the Business Office

Office Design and Equipment Placement

Working With Dental Office Documents

Storage of Business Records

Written Communications

Telecommunications

Appointment Management Systems

Recall Systems

Inventory Systems and Supply Ordering

Dental Insurance

Financial Systems: Accounts Receivable

Infection Control Systems

Planning and Managing Your Career Path

Filters

Exam 16: Other Financial Systems

Reconciling a bank account is balancing the bank statement with the check stub/check register balance.

Which of the following web sites can you consult to obtain information about an application for an Employer Identification Number?

An employer must keep all records pertaining to employment taxes available for inspection by the IRS. These records may be discarded after the federal income tax has been filed for that year.

To achieve an acceptable level of profit, what must be kept in balance with the expenditures?

The endorsement "For deposit in account of J.L. Lake" is referred to as a(n):

A dental assistant earns $14 per hour. Based on a standard workweek of 40 hours with time and a half for overtime, her gross pay for working 45 hours is:

A dental assistant has gross weekly earnings of $560. The following amounts were withheld: $50 for federal taxes, $43 for FICA, and $50 for a deposit to the credit union. What is the net pay?

A money order has the same function as a cashier's check in that it is a method of paying a creditor without the use of a personal check. A fee is charged for a money order but not for a cashier's check.

Which of the following is an employer not required to withhold from an employee's payroll check?

The parts of a check include the following except the:

The Business of Dentistry

Dental Team Management

Patient Management

Legal and Ethical Issues in the Dental Business Office

Technology in the Business Office

Office Design and Equipment Placement

Working With Dental Office Documents

Storage of Business Records

Written Communications

Telecommunications

Appointment Management Systems

Recall Systems

Inventory Systems and Supply Ordering

Dental Insurance

Financial Systems: Accounts Receivable

Infection Control Systems

Planning and Managing Your Career Path

Filters