QuickBooks Quiz Payroll 2024/2025 with 100% correct answers
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QuickBooks Qz Payroll
Institution
QuickBooks Qz Payroll
The majority of payroll mistakes are due to payroll items being set up incorrectly. correct answersTrue
You should enter your subcontractors in the Employee List. correct answersFalse
Only those transactions entered via QuickBooks' payroll features affect payroll reporting. correct answersTru...
The majority of payroll mistakes are due to payroll items being set up incorrectly. correct answersTrue
You should enter your subcontractors in the Employee List. correct answersFalse
Only those transactions entered via QuickBooks' payroll features affect payroll reporting. correct
answersTrue
You will not be able to set up your employees until after you set up employee defaults. correct
answersFalse
Workers' Compensation can be tracked within QuickBooks Payroll. correct answerstrue
When you create paychecks, the Payroll Expense account is credited. correct answersfalse
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 correct answersfalse
When you use an outside payroll service, you should set up QuickBooks to track full payroll. correct
answersfalse
In QuickBooks, an employee is someone to whom you issue a W2 or a 1099MISC. correct answersfalse
When you discover that an employee was overpaid, you should void the paycheck and create a new one
with the correct amount. correct answersfalse
You must add all new employees through the payroll setup interview. correct answersfalse
, A benefit of using scheduled payroll is that you can choose to pay your employees by batch correct
answerstrue
Multiple paychecks can be displayed in the Review and Create Paychecks window correct answerstrue
When running payroll through QuickBooks, you should simply write a check for your payroll taxes.
correct answersfalse
Payroll items being set up incorrectly is one of the common causes of payroll errors. correct answerstrue
Anything you wish to include on a paycheck must first be set up as an item. correct answerstrue
The Lock Net Pay feature allows you to make changes to a paycheck while ensuring that you don't
change the
amount of the check. correct answerstrue
If you pay payroll liabilities with a regular check, you can just fix it with a journal entry. correct
answersfalse
Which of the following is NOT an example of a payroll item?
*Federal Withholding
*Hours Worked
*Vacation Hourly
*Health Insurance correct answersHours Worked
When you create paychecks, what account is credited?
a-Checking
b-Payroll Expenses
c-Payroll Liabilities
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