Deck 6: Employees and Payroll

Question 1

The following are payroll liabilities except

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

Answer 1

C

Question 2

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

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

Answer 2

C

Question 3

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

A)Form W-5
B)Form W-4
C)Form W-3
D)Form W-2

Answer 3

B

Question 4

The order of steps to process payroll is:

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

Which of the following is not a payroll report:

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

Question 6

All of the following are QuickBooks Payroll Services, except:

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

Question 7

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

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

Question 8

The Payroll 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

Question 9

In Chapter 6, paychecks were printed using:

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

Question 10

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

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

Question 11

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

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

Question 12

A company is required to withhold payroll taxes for:

A)Employees
B)Vendors
C)Subcontractors
D)All of the above

Question 13

Which form summarizes payments made to subcontractors?

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

Question 14

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

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

Question 15

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

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

Question 16

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

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

Question 17

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

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

Question 18

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

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

Question 19

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

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

Question 20

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

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 21

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

Question 22

The Payroll Center has the following sections except:

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

Question 23

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

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

Question 24

What is the purpose of Federal Form 491?

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 25

What is purpose of Federal Form 490?

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 26

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

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

Question 27

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