Question 1

Which of the following activities and QuickBooks window used to record it is incorrect?

Accepted Answer

A) Enter time worked; Weekly Timesheet 
B) Pay payroll liabilities; Write Check 
C) Enter employee information; Employee List 
D) Pay payroll taxes; Pay Liabilities 
A) Enter time worked; Weekly Timesheet 
B) Pay payroll liabilities; Write Check 
C) Enter employee information; Employee List 
D) Pay payroll taxes; Pay Liabilities B

Question 2

The payment to a stockholder who is not an employee of the company is a:

Accepted Answer

A) Dividend 
B) Paycheck 
C) Vendor payment 
D) None of these 
A) Dividend 
B) Paycheck 
C) Vendor payment 
D) None of these A

Question 3

Which one of the following is paid by both the employee and company?

Accepted Answer

A) Federal income taxes 
B) State income taxes 
C) FICA 
D) All of these 
A) Federal income taxes 
B) State income taxes 
C) FICA 
D) All of these C

Question 4

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 5

Name 3 (three) types of payroll liabilities and indicate who funds each one.

Accepted Answer

Federal Income Tax - funded by

Question 6

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

Question 7

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 8

When setting up a new employee where do you get their filing status and allowances information?

Accepted Answer

A) Form W-9 
B) Form W-4 
C) Form W-3 
D) Form W-2 
A) Form W-9 
B) Form W-4 
C) Form W-3 
D) Form W-2

Question 9

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

Question 10

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 11

What is purpose of Federal Form 940?

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 of 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 of all your W-2 forms

Question 12

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 13

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 14

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

Question 15

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 16

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

Question 17

A company is required to withhold payroll taxes for:

Accepted Answer

A) Employees 
B) Vendors 
C) Subcontractors 
D) All of these 
A) Employees 
B) Vendors 
C) Subcontractors 
D) All of these

Question 18

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 19

Each year employees are sent Form ______ to summarize gross wages and 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

Question 20

The Payroll Center:

Accepted Answer

A) Contains the employee list 
B) Manages payroll and tax information 
C) Is where employees enter time worked 
D) Is located in the Banking Center 
A) Contains the employee list 
B) Manages payroll and tax information 
C) Is where employees enter time worked 
D) Is located in the Banking Center

Which of the following activities and QuickBooks window used to record it is incorrect?

The payment to a stockholder who is not an employee of the company is a:

Which one of the following is paid by both the employee and company?

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

Name 3 (three) types of payroll liabilities and indicate who funds each one.

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

The Payroll Center has the following sections except:

When setting up a new employee where do you get their filing status and allowances information?

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

The following are payroll liabilities except:

What is purpose of Federal Form 940?

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

Which form summarizes payments made to subcontractors?

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

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

Which of the following is not a payroll report?

A company is required to withhold payroll taxes for:

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

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

The Payroll Center:

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

Which of the following activities and QuickBooks window used to record it is incorrect?

The payment to a stockholder who is not an employee of the company is a:

Which one of the following is paid by both the employee and company?

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

Name 3 (three) types of payroll liabilities and indicate who funds each one.

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

The Payroll Center has the following sections except:

When setting up a new employee where do you get their filing status and allowances information?

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

The following are payroll liabilities except:

What is purpose of Federal Form 940?

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

Which form summarizes payments made to subcontractors?

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

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

Which of the following is not a payroll report?

A company is required to withhold payroll taxes for:

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

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

The Payroll Center:

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