Question
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)
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)
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)
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)
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)
You should simply write a check for your payroll taxes.
Question 5 options:
True | |
False |
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Question 6 (1 point)
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)
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)
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)
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)
You should enter your subcontractors in the Employee List.
Question 10 options:
True | |
False |
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