Exam (elaborations)

QuickBooks Quiz Payroll 2024/2025 with 100% correct answers

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QuickBooks Qz Payroll

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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...

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Uploaded on September 18, 2024
Number of pages 9
Written in 2024/2025
Type Exam (elaborations)
Contains Questions & answers

quickbooks quiz payroll

Institution QuickBooks Qz Payroll
Course QuickBooks Qz Payroll

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QuickBooks Quiz 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
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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Exam (elaborations)

QuickBooks Quiz Payroll 2024/2025 with 100% correct answers

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