Payroll involves preparing employee paychecks. Payroll involves paying independent contractors as well as employees. Payroll involves withholding the appropriate amount in taxes. O Payroll is paying the company's share of payroll taxes. QUESTION 32 In QBO, Single Time Activity is one way to track time. It is used to: invoice customers for billable time related to specific projects. time one activity and enter the time data. The time is then recorded on the employee's weekly timesheet. o enter time billable to specific customers. Then time is added to the customer's invoice. o enter time worked by each specific employee during a week QUESTION 33 What is the appropriate status of individual performing work matched with tax form? Employee - Paycheck - Form 1099-MISC; Owner - Dividend/Distribution - Owner's tax return; Contractor - Vendor Payment - Form W-2. Owner and employee - Paycheck - Form W-2; Contractor - Vendor Payment - Form 1099-MISC. Employee - Vendor Payment - Form W-2; Owner - Dividend/Distribution - Owner's tax return; Contractor - Paycheck - Form 1099-MISC. Employee - Paycheck - Form W-2; Owner - Dividend/Distribution - Owner's tax return; Contractor - Vendor Payment - Form 1099-MISC. QUESTION 34 Why is the status of an individual performing work very important to QBO Time Tracking? The status of an employee determines whether an individual receives a paycheck, a vendor payment or an owner withdrawal for the work they pu O QBO tracks time for employees and does not track time for work performed by subcontractors or owners. The status of an employee refers to full-time or part-time employees. Part-time employees receive a MISC form for their work vs. full-time emplo paycheck. QBO will transfer employee time to sales invoices, however, subcontractors and owners will have to be added to sales invoices manually