Question 1

Which one of the following payroll services automatically calculates the tax deductions?

Accepted Answer

A) QuickBooks Basic Payroll 
B) QuickBooks Assisted Payroll 
C) QuickBooks Enhanced Payroll 
D) All of these 
A) QuickBooks Basic Payroll 
B) QuickBooks Assisted Payroll 
C) QuickBooks Enhanced Payroll 
D) All of these

Question 2

The QuickBooks Payroll Setup allows you to:

Accepted Answer

A) Set employee defaults for information common to all employees 
B) Enter employee information 
C) Set the payment schedule for withholding payments 
D) All of these 
A) Set employee defaults for information common to all employees 
B) Enter employee information 
C) Set the payment schedule for withholding payments 
D) All of these

Question 3

The employer must match which of the following taxes paid by an employee:

Accepted Answer

A) Medicare 
B) Federal Unemployment 
C) State Income Tax Withholding 
D) The employer must match all of these 
A) Medicare 
B) Federal Unemployment 
C) State Income Tax Withholding 
D) The employer must match all of these

Question 4

The steps for manually processing payroll tax forms are:

Accepted Answer

A) Click the Process Payroll Forms icon > Print the payroll tax forms 
B) Print management reports > Locate payroll tax forms > Transfer the amounts in the management reports to the tax forms 
C) Print financial statements > Locate payroll tax forms > Transfer the amounts in the financial statements to the tax forms 
D) Print payroll reports > Locate payroll tax forms > Transfer the amounts in the payroll reports to the tax forms 
A) Click the Process Payroll Forms icon > Print the payroll tax forms 
B) Print management reports > Locate payroll tax forms > Transfer the amounts in the management reports to the tax forms 
C) Print financial statements > Locate payroll tax forms > Transfer the amounts in the financial statements to the tax forms 
D) Print payroll reports > Locate payroll tax forms > Transfer the amounts in the payroll reports to the tax forms

Question 5

All of the following are payroll tax liabilities owed to outside agencies except:

Accepted Answer

A) Federal Income Taxes 
B) Unemployment Taxes 
C) Net Pay 
D) State Income Taxes 
A) Federal Income Taxes 
B) Unemployment Taxes 
C) Net Pay 
D) State Income Taxes

Question 6

Which order are payroll tasks are typically completed?

Accepted Answer

A) Enter Time > Process Payroll Forms > Pay Employees > Pay Payroll Liabilities 
B) Enter Time > Pay Employees > Pay Payroll Liabilities > Process Payroll Forms 
C) Enter Time > Pay Payroll Liabilities > Process Payroll Forms > Pay Employees 
D) Enter Time > Pay Payroll Liabilities > Pay Employees > Process Payroll Forms 
A) Enter Time > Process Payroll Forms > Pay Employees > Pay Payroll Liabilities 
B) Enter Time > Pay Employees > Pay Payroll Liabilities > Process Payroll Forms 
C) Enter Time > Pay Payroll Liabilities > Process Payroll Forms > Pay Employees 
D) Enter Time > Pay Payroll Liabilities > Pay Employees > Process Payroll Forms

Question 7

The QuickBooks Tax Form Worksheets provide information to complete:

Accepted Answer

A) Employee pay checks 
B) Sales tax forms 
C) Payroll tax forms 
D) The Income Statement 
A) Employee pay checks 
B) Sales tax forms 
C) Payroll tax forms 
D) The Income Statement

Which one of the following payroll services automatically calculates the tax deductions?

The QuickBooks Payroll Setup allows you to:

The employer must match which of the following taxes paid by an employee:

The steps for manually processing payroll tax forms are:

All of the following are payroll tax liabilities owed to outside agencies except:

Which order are payroll tasks are typically completed?

The QuickBooks Tax Form Worksheets provide information to complete:

Introduction to PFP

Time Value of Money

Beginning the Planning Process

Household Finance

Financial Statements Analysis

Cash Flow Planning

Debt

Non Financial Investments

Financial Investments

Risk Management

Retirement Planning

Filters

Exam 11: Other Insurance

Which one of the following payroll services automatically calculates the tax deductions?

The QuickBooks Payroll Setup allows you to:

The employer must match which of the following taxes paid by an employee:

The steps for manually processing payroll tax forms are:

All of the following are payroll tax liabilities owed to outside agencies except:

Which order are payroll tasks are typically completed?

The QuickBooks Tax Form Worksheets provide information to complete:

Introduction to PFP

Time Value of Money

Beginning the Planning Process

Household Finance

Financial Statements Analysis

Cash Flow Planning

Debt

Non Financial Investments

Financial Investments

Risk Management

Retirement Planning

Filters