Chapter 8 - Paying Employees-Computerized ACCT

Matching Match the term or phrase (as used in QuickBooks) to its best definition: 1. Manual payroll 2. Personal 3. Payroll item list 4. Pay frequency 5. Paycheck 6. Payroll Info 7. Payroll schedule 8. Payroll liability check Transaction type used to record payment of employee and employer payroll taxes Transaction type used to record wage payments to employees Tool available to pay employees in specific cycles How often employee wages are paid Tab in employee setup where compensation rates and withholding allowances are entered Database of compensation and employee withholding types Method used to record employee paychecks without a payroll service subscription Tab in employee setup where name and Social Security number are entered 1. The social security number of new employees is entered in the employee window. _tab of the new a. Personal b. Additional Info c. Payroll Info d. Employment Info 2. Payroll items in QuickBooks include: a. compensation items only. b. payroll tax items only. c. compensation and payroll tax items only. d. all items that would increase or decrease an employee's paycheck. 3. Which of the following taxes are paid by both the employee and the employer? a. Federal withholding b. Federal unemployment C. FICA d. State withholding (if applicable) 4. Taxes withheld from employees are: a. remitted on or before the tax report due date, depending on the size of the employer. b. always remitted monthly. always remitted within three days of issuing paychecks. d. always remitted with the tax report. C. alv 5. Which of the following is not an expense of the employer? a. State unemployment b. Federal unemployment FICA d. All of the above are expenses of the employer. Matching Match the term or phrase (as used in QuickBooks) to its best definition: 1. Manual payroll 2. Personal 3. Payroll item list 4. Pay frequency 5. Paycheck 6. Payroll Info 7. Payroll schedule 8. Payroll liability check Transaction type used to record payment of employee and employer payroll taxes Transaction type used to record wage payments to employees Tool available to pay employees in specific cycles How often employee wages are paid Tab in employee setup where compensation rates and withholding allowances are entered Database of compensation and employee withholding types Method used to record employee paychecks without a payroll service subscription Tab in employee setup where name and Social Security number are entered 1. The social security number of new employees is entered in the employee window. _tab of the new a. Personal b. Additional Info c. Payroll Info d. Employment Info 2. Payroll items in QuickBooks include: a. compensation items only. b. payroll tax items only. c. compensation and payroll tax items only. d. all items that would increase or decrease an employee's paycheck. 3. Which of the following taxes are paid by both the employee and the employer? a. Federal withholding b. Federal unemployment C. FICA d. State withholding (if applicable) 4. Taxes withheld from employees are: a. remitted on or before the tax report due date, depending on the size of the employer. b. always remitted monthly. always remitted within three days of issuing paychecks. d. always remitted with the tax report. C. alv 5. Which of the following is not an expense of the employer? a. State unemployment b. Federal unemployment FICA d. All of the above are expenses of the employer