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

You can obtain a copy of Circular E to use for payroll preparation from:

Accepted Answer

A) The Employee section of the Home page 
B) The Employee Center of the Home page 
C) The QuickBooks website: www.quickbooks.com 
D) The IRS website: www.irs.gov 
A) The Employee section of the Home page 
B) The Employee Center of the Home page 
C) The QuickBooks website: www.quickbooks.com 
D) The IRS website: www.irs.gov

Question 3

Which icon is not in the Employees section of the Home page when a company file is set to use manual payroll calculations?

Accepted Answer

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

Question 4

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 5

The Payroll Summary report:

Accepted Answer

A) Summarizes the amounts paid to employees 
B) Summarizes the amounts paid in payroll taxes 
C) May be accessed using the Reports Center 
D) All of these 
A) Summarizes the amounts paid to employees 
B) Summarizes the amounts paid in payroll taxes 
C) May be accessed using the Reports Center 
D) All of these

Question 6

List 3 (three) types for payroll liabilities and who is responsible for funding them.

Accepted Answer

Federal Income Taxes - employe

Question 7

Wages paid to an employee are recorded as:

Accepted Answer

A) Payroll expense 
B) Payroll liabilities 
C) Payroll payable 
D) Payroll revenue 
A) Payroll expense 
B) Payroll liabilities 
C) Payroll payable 
D) Payroll revenue

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

You can obtain a copy of Circular E to use for payroll preparation from:

Which icon is not in the Employees section of the Home page when a company file is set to use manual payroll calculations?

The QuickBooks Payroll Setup allows you to:

The Payroll Summary report:

List 3 (three) types for payroll liabilities and who is responsible for funding them.

Wages paid to an employee are recorded as:

Quick Tour of Quickbooks 2011

Customizing Quickbooks and the Chart of Accounts

Banking

Customers and Sales

Vendors, Purchases, and Inventory

Employees and Payroll

Reports and Graphs

New Company Setup

Accounting for a Service Company

Merchandising Corporation: Sales, Purchases and Inventory

Advanced Quickbooks Features for Accountants

Filters

Exam 11: Merchandising Corporation: Payroll

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

You can obtain a copy of Circular E to use for payroll preparation from:

Which icon is not in the Employees section of the Home page when a company file is set to use manual payroll calculations?

The QuickBooks Payroll Setup allows you to:

The Payroll Summary report:

List 3 (three) types for payroll liabilities and who is responsible for funding them.

Wages paid to an employee are recorded as:

Quick Tour of Quickbooks 2011

Customizing Quickbooks and the Chart of Accounts

Banking

Customers and Sales

Vendors, Purchases, and Inventory

Employees and Payroll

Reports and Graphs

New Company Setup

Accounting for a Service Company

Merchandising Corporation: Sales, Purchases and Inventory

Advanced Quickbooks Features for Accountants

Filters