Question 1

What is the purpose of Federal Form 941?

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 2

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

Question 3

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

Accepted Answer

These reports can help managem

Question 4

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

Question 5

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

Accepted Answer

A) Mileage 
B) Hours 
C) Expenses 
D) All of these 
A) Mileage 
B) Hours 
C) Expenses 
D) All of these

Question 6

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 7

All of the following are QuickBooks Payroll Services, except:

Accepted Answer

A) Basic 
B) Assisted 
C) Advanced 
D) Enhanced 
A) Basic 
B) Assisted 
C) Advanced 
D) Enhanced

What is the purpose of Federal Form 941?

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

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

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

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

The order of steps to process payroll is:

All of the following are QuickBooks Payroll Services, except:

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

What is the purpose of Federal Form 941?

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

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

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

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

The order of steps to process payroll is:

All of the following are QuickBooks Payroll Services, except:

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