QUESTION 33 To reverse the Uncategorized Expenses account in the Make General Journal Entries window, debit Opening Balance Equity (Capital) and credit Uncategorized Expenses. debit Uncategorized Expenses and credit Accounts Payable. debit Accounts Payable and credit Uncategorized Expenses. O debit Uncategorized Expenses and credit Opening Balance Equity (Capital). QUESTION 34 generally refer(s) to the payroll taxes the employer is required to take out of the employee's earnings and submit to the appropriate government agency. Deductions Employer payroll expense Withholdings Fringe benefits QUESTION 35 generally refer(s) to the amounts the employer takes out of the employee's earnings for various fringe benefits, such as insurance and pension. Deductions Employer payroll expense Withholdings Payroll tax liabilities QUESTION 36 Which QuickBooks account type is Payroll Liabilities? Accounts Payable Other Current Liability Long Term Liability Accounts Receivable QUESTION 37 Gross pay is not subject to payroll taxes, for the employer or employee. the total earnings for the employee for a specific pay period before any withholdings and deductions. the amount of the employee's paycheck after FUTA and SUTA have been deducted. calculated by subtracting withholdings and deductions from earnings. QUESTION 38 Which payroll taxes are imposed on both the employer and employee? federal income tax (FIT) state income tax (SIT) FICA tax (Social Security) and Medicare tax federal unemployment insurance (FUTA) tax and state unemployment insurance (SUI) tax QUESTION 39 Net pay is not the amount that appears on an employee's paycheck. calculated by subtracting taxes and deductions from earnings. the same as the compensation earned. the total earnings for an employee minus all employee withholdings and deductions. QUESTION 40 To set up payroll in QuickBooks, you must first activate (enable) the payroll feature. manually create the general ledger accounts Payroll Liabilities and Payroll Expenses. select a QuickBooks desktop payroll service. download the payroll module from Intuit