Question 1

Each year employees are sent Form ______ to summarize tax withholdings for the year.

Accepted Answer

A) 1099 
B) W-2 
C) W-3 
D) W-4 
A) 1099 
B) W-2 
C) W-3 
D) W-4 B

Question 2

Which of the following ways to track time is not supported by QuickBooks Pro and QuickBooks Premier?

Accepted Answer

A) Time Single Activity 
B) Weekly Timesheet 
C) Time clock 
D) Online Timesheets 
A) Time Single Activity 
B) Weekly Timesheet 
C) Time clock 
D) Online Timesheets C

Question 3

To include a charge for labor on an invoice, labor as a service item must be recorded in the:

Accepted Answer

A) Item List 
B) Vendor List 
C) Inventory List 
D) Employee List 
A) Item List 
B) Vendor List 
C) Inventory List 
D) Employee List A

Question 4

The order of steps to process payroll is:

Accepted Answer

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

Question 5

In Chapter 6, paychecks were printed using:

Accepted Answer

A) Voucher checks 
B) Standard checks only 
C) Register checks 
D) None of the above 
A) Voucher checks 
B) Standard checks only 
C) Register checks 
D) None of the above

Question 6

Which form summarizes payments made to subcontractors?

Accepted Answer

A) Form 940 
B) Form 1065 
C) Form 1099 
D) W-4 
A) Form 940 
B) Form 1065 
C) Form 1099 
D) W-4

Question 7

To turn on QuickBooks time tracking feature, the following steps must be completed:

Accepted Answer

A) Click QuickBooks Menu > Time Tracking 
B) Click Edit > Preferences > Time and Expenses > Time Tracking 
C) Click Employees > Payroll > Time Tracking 
D) Click Employees > Payroll and Employees > Time Tracking 
A) Click QuickBooks Menu > Time Tracking 
B) Click Edit > Preferences > Time and Expenses > Time Tracking 
C) Click Employees > Payroll > Time Tracking 
D) Click Employees > Payroll and Employees > Time Tracking

Question 8

In QuickBooks, time data is listed on customer invoices using the:

Accepted Answer

A) Timesheet icon 
B) Pay Sales Taxes icon 
C) Pay Employees button 
D) Time/Costs button 
A) Timesheet icon 
B) Pay Sales Taxes icon 
C) Pay Employees button 
D) Time/Costs button

Question 9

The following are payroll liabilities except

Accepted Answer

A) Federal income taxes 
B) Unemployment taxes 
C) Sales taxes 
D) FICA 
A) Federal income taxes 
B) Unemployment taxes 
C) Sales taxes 
D) FICA

Question 10

What is the purpose of Federal Form 491?

Accepted Answer

A) Summarize the amount of unemployment tax paid and due by the company 
B) Summarize the amount of federal income tax, Social Security, and Medicare withheld from employee paychecks for the quarter 
C) Summarize the amount of federal income tax, Social Security, and Medicare withheld from employee paychecks for the year 
D) Summarize all your W-2 forms
Short Answer Questions 
A) Summarize the amount of unemployment tax paid and due by the company 
B) Summarize the amount of federal income tax, Social Security, and Medicare withheld from employee paychecks for the quarter 
C) Summarize the amount of federal income tax, Social Security, and Medicare withheld from employee paychecks for the year 
D) Summarize all your W-2 forms
Short Answer Questions

Question 11

Which of the following is typically used to track time for a single activity?

Accepted Answer

A) Employee Tracker 
B) Stopwatch 
C) Timesheet 
D) QuickTime 
A) Employee Tracker 
B) Stopwatch 
C) Timesheet 
D) QuickTime

Question 12

All of the following automatically calculate payroll tax withholdings in QuickBooks except:

Accepted Answer

A) Basic Payroll 
B) Assisted Payroll 
C) Enhanced Payroll 
D) All of the above automatically calculate payroll tax withholdings 
A) Basic Payroll 
B) Assisted Payroll 
C) Enhanced Payroll 
D) All of the above automatically calculate payroll tax withholdings

Question 13

What QuickBooks activity comes next in this string of payroll activities: Enter Time > Pay Employees > ______ > Process Payroll Forms

Accepted Answer

A) Reconcile Payroll 
B) Print Payroll Report 
C) Pay Payroll Liabilities 
D) None of the above 
A) Reconcile Payroll 
B) Print Payroll Report 
C) Pay Payroll Liabilities 
D) None of the above

Question 14

When tracking time for subcontractors, which QuickBooks window is used to enter subcontractor information?

Accepted Answer

A) Vendor List 
B) Item List 
C) Payroll Setup 
D) Employee List 
A) Vendor List 
B) Item List 
C) Payroll Setup 
D) Employee List

Question 15

The Payroll Center has the following sections except:

Accepted Answer

A) Pay Employees 
B) Write Checks 
C) Pay Scheduled Liabilities 
D) File Tax Forms 
A) Pay Employees 
B) Write Checks 
C) Pay Scheduled Liabilities 
D) File Tax Forms

Question 16

An individual's status determines how to record payment to that individual.Which of the following status and payment method is incorrect?

Accepted Answer

A) Vendor; Bill 
B) Employee; Payroll 
C) Stockholder; Dividend 
D) None of the above 
A) Vendor; Bill 
B) Employee; Payroll 
C) Stockholder; Dividend 
D) None of the above

Question 17

What is purpose of Federal Form 490?

Accepted Answer

A) Summarize the amount of unemployment tax paid and due by the company 
B) Summarize the amount of federal income tax, Social Security, and Medicare withheld from employee paychecks for the quarter 
C) Summarize the amount of federal income tax, Social Security, and Medicare withheld from employee paychecks for the year 
D) Summarize all your W-2 forms 
A) Summarize the amount of unemployment tax paid and due by the company 
B) Summarize the amount of federal income tax, Social Security, and Medicare withheld from employee paychecks for the quarter 
C) Summarize the amount of federal income tax, Social Security, and Medicare withheld from employee paychecks for the year 
D) Summarize all your W-2 forms

Question 18

Which of the following may be billed to a specific customer job?

Accepted Answer

A) Mileage 
B) Hours 
C) Expenses 
D) All the above 
A) Mileage 
B) Hours 
C) Expenses 
D) All the above

Question 19

Briefly describe what the "Time by Job" project reports tell management.

Accepted Answer

These reports can help managem

Question 20

Which of the following is not a payroll report:

Accepted Answer

A) Form W-2 
B) Form 1065 
C) Form 940 
D) Form 941 
A) Form W-2 
B) Form 1065 
C) Form 940 
D) Form 941

Each year employees are sent Form ______ to summarize tax withholdings for the year.

Which of the following ways to track time is not supported by QuickBooks Pro and QuickBooks Premier?

To include a charge for labor on an invoice, labor as a service item must be recorded in the:

The order of steps to process payroll is:

In Chapter 6, paychecks were printed using:

Which form summarizes payments made to subcontractors?

To turn on QuickBooks time tracking feature, the following steps must be completed:

In QuickBooks, time data is listed on customer invoices using the:

The following are payroll liabilities except

What is the purpose of Federal Form 491?

Which of the following is typically used to track time for a single activity?

All of the following automatically calculate payroll tax withholdings in QuickBooks except:

What QuickBooks activity comes next in this string of payroll activities: Enter Time > Pay Employees > ______ > Process Payroll Forms

When tracking time for subcontractors, which QuickBooks window is used to enter subcontractor information?

The Payroll Center has the following sections except:

An individual's status determines how to record payment to that individual.Which of the following status and payment method is incorrect?

What is purpose of Federal Form 490?

Which of the following may be billed to a specific customer job?

Briefly describe what the "Time by Job" project reports tell management.

Which of the following is not a payroll report:

Quick Tour of Quickbooks 2011

Customizing Quickbooks and the Chart of Accounts

Banking

Customers and Sales

Vendors, Purchases, and Inventory

Reports and Graphs

New Company Setup

Accounting for a Service Company

Merchandising Corporation: Sales, Purchases and Inventory

Merchandising Corporation: Payroll

Advanced Quickbooks Features for Accountants

Filters

Exam 6: Employees and Payroll

Each year employees are sent Form ______ to summarize tax withholdings for the year.

Which of the following ways to track time is not supported by QuickBooks Pro and QuickBooks Premier?

To include a charge for labor on an invoice, labor as a service item must be recorded in the:

The order of steps to process payroll is:

In Chapter 6, paychecks were printed using:

Which form summarizes payments made to subcontractors?

To turn on QuickBooks time tracking feature, the following steps must be completed:

In QuickBooks, time data is listed on customer invoices using the:

The following are payroll liabilities except

What is the purpose of Federal Form 491?

Which of the following is typically used to track time for a single activity?

All of the following automatically calculate payroll tax withholdings in QuickBooks except:

What QuickBooks activity comes next in this string of payroll activities: Enter Time > Pay Employees > ______ > Process Payroll Forms

When tracking time for subcontractors, which QuickBooks window is used to enter subcontractor information?

The Payroll Center has the following sections except:

An individual's status determines how to record payment to that individual.Which of the following status and payment method is incorrect?

What is purpose of Federal Form 490?

Which of the following may be billed to a specific customer job?

Briefly describe what the "Time by Job" project reports tell management.

Which of the following is not a payroll report:

Quick Tour of Quickbooks 2011

Customizing Quickbooks and the Chart of Accounts

Banking

Customers and Sales

Vendors, Purchases, and Inventory

Reports and Graphs

New Company Setup

Accounting for a Service Company

Merchandising Corporation: Sales, Purchases and Inventory

Merchandising Corporation: Payroll

Advanced Quickbooks Features for Accountants

Filters