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Question 1 (1 point) When you discover that an employee was overpaid, you should void the paycheck and create a new one with the correct

Question 1 (1 point)

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When you discover that an employee was overpaid, you should void the paycheck and create a new one with the correct amount.

Question 1 options:

True
False

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Question 2 (1 point)

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When you want to pay the payroll liabilities while running full payroll in QuickBooks, you can just open a Write Checks window to make the payment.

Question 2 options:

True
False

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Question 3 (1 point)

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When must you enter the W-4 information for an employee?

Question 3 options:

The day the employee is hired

Anytime; it's only for your records

Before you first run payroll

Before W2s are printed at year end

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Question 4 (1 point)

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What form do you provide to the government to report your annual federal unemployment?

Question 4 options:

1099-MISC

W-2

1096

940

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Question 5 (1 point)

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You should simply write a check for your payroll taxes.

Question 5 options:

True
False

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Question 6 (1 point)

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Which account is decreased when you pay your payroll liabilities?

Question 6 options:

Checking

Payroll Liabilities

Both a and c

Accounts Payable

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Question 7 (1 point)

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You will not be able to set up your employees until after you set up employee defaults.

Question 7 options:

True
False

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Question 8 (1 point)

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If you pay payroll liabilities with a regular check, you can just fix it with a journal entry.

Question 8 options:

True
False

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Question 9 (1 point)

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The majority of payroll mistakes are due to payroll items being set up incorrectly.

Question 9 options:

True
False

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Question 10 (1 point)

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You should enter your subcontractors in the Employee List.

Question 10 options:

True
False

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