Question 1

When an employee has chosen to deposit paycheques directly to his/her bank account -

Accepted Answer

A)  you can click direct deposit in the journal to issue a regular cheque 
B)  you must add the bank account number to the payroll journal for the employee 
C)  you cannot enter the paycheque in the payroll cheque run journal 
D)  you cannot issue a cheque directly to the employee unless you change the employee ledger settings 
A)  you can click direct deposit in the journal to issue a regular cheque 
B)  you must add the bank account number to the payroll journal for the employee 
C)  you cannot enter the paycheque in the payroll cheque run journal 
D)  you cannot issue a cheque directly to the employee unless you change the employee ledger settings B

Question 2

How do EI, CPP, and Income Tax deductions differ from other payroll deductions -

Accepted Answer

A)  they are federal government amounts calculated by the program 
B)  they are exempt from income tax 
C)  they are deducted from the gross earnings 
D)  they are entered just like any other deductions 
A)  they are federal government amounts calculated by the program 
B)  they are exempt from income tax 
C)  they are deducted from the gross earnings 
D)  they are entered just like any other deductions A

Question 3

In the process of correcting a wrong employee error all but one is used -

Accepted Answer

A)  prepare a new entry for the correct employee 
B)  open the adjust cheque window for the employee 
C)  all amounts are automatically reversed when you choose void paycheque 
D)  one should remember to recalculate the taxes 
A)  prepare a new entry for the correct employee 
B)  open the adjust cheque window for the employee 
C)  all amounts are automatically reversed when you choose void paycheque 
D)  one should remember to recalculate the taxes D

Question 4

To make payroll tax remittances -

Accepted Answer

A)  select pay remittance in the payroll journal and then select the supplier 
B)  select pay remittance in the payments journal and then select the supplier 
C)  select the supplier in the purchases journal and then select pay remittance 
D)  select the supplier in the payments journal and then select pay remittance 
A)  select pay remittance in the payroll journal and then select the supplier 
B)  select pay remittance in the payments journal and then select the supplier 
C)  select the supplier in the purchases journal and then select pay remittance 
D)  select the supplier in the payments journal and then select pay remittance

Question 5

Employee benefits differ from other payroll deductions in that -

Accepted Answer

A)  they are not added to or deducted from the wage amount 
B)  they may be subject to income tax 
C)  they create an employer expense entry for the business 
D)  all of the above 
A)  they are not added to or deducted from the wage amount 
B)  they may be subject to income tax 
C)  they create an employer expense entry for the business 
D)  all of the above

Question 6

The payroll journal entries for different employees -

Accepted Answer

A)  must link the wages for all employees to the same wage expense account 
B)  must link the EI expenses for all employees to the same EI expense account 
C)  must use a single expense account for regular wages, salary and commissions 
D)  none of the above 
A)  must link the wages for all employees to the same wage expense account 
B)  must link the EI expenses for all employees to the same EI expense account 
C)  must use a single expense account for regular wages, salary and commissions 
D)  none of the above

Question 7

The payroll journal entries for two employees with the same gross pay may not show the same net pay because-

Accepted Answer

A)  the tax deductions may based on different claim amounts 
B)  the other deductions may not be the same 
C)  the employees live in different provinces 
D)  all of the above 
A)  the tax deductions may based on different claim amounts 
B)  the other deductions may not be the same 
C)  the employees live in different provinces 
D)  all of the above

Question 8

To correct a data error in a payroll journal entry after posting it you should -

Accepted Answer

A)  select the employee from the employees list 
B)  select the adjust pay cheque tool as a first step 
C)  select the incorrect field(s) and enter the correct data 
D)  select cancel and re-enter the correct information 
A)  select the employee from the employees list 
B)  select the adjust pay cheque tool as a first step 
C)  select the incorrect field(s) and enter the correct data 
D)  select cancel and re-enter the correct information

Question 9

The payroll journal transaction report screen does not show -

Accepted Answer

A)  if the employee is paying RRSP contributions 
B)  if the employee is receiving an advance 
C)  the employee's gross pay amount 
D)  if the employer is retaining vacation pay 
A)  if the employee is paying RRSP contributions 
B)  if the employee is receiving an advance 
C)  the employee's gross pay amount 
D)  if the employer is retaining vacation pay

Question 10

You should enter a date of termination for an employee -

Accepted Answer

A)  to indicate that the employee works on a short-term contract 
B)  as soon as you learn the date the employee plans to leave 
C)  after the employee has left the company 
D)  at any time before the employee leaves the company 
A)  to indicate that the employee works on a short-term contract 
B)  as soon as you learn the date the employee plans to leave 
C)  after the employee has left the company 
D)  at any time before the employee leaves the company

Question 11

When correcting a data error in a payroll journal entry before posting you should -

Accepted Answer

A)  first open the payroll journal and enter the correct work 
B)  remove the payroll entry from the edit menu 
C)  select the incorrect field(s) and enter the correct data 
D)  discard the payroll transaction by clicking the undo tool 
A)  first open the payroll journal and enter the correct work 
B)  remove the payroll entry from the edit menu 
C)  select the incorrect field(s) and enter the correct data 
D)  discard the payroll transaction by clicking the undo tool

Question 12

The payroll journal entry and report screens will show that the employer did not -

Accepted Answer

A)  contribute to the EI and CPP payable 
B)  contribute to the EHT payable 
C)  contribute to the WCB payable 
D)  contribute to the RRSP payable 
A)  contribute to the EI and CPP payable 
B)  contribute to the EHT payable 
C)  contribute to the WCB payable 
D)  contribute to the RRSP payable

Question 13

Which of the following would be considered a user-defined payroll expense -

Accepted Answer

A)  employer contributions to employment insurance (EI) 
B)  an employer pays the premiums for an employee life insurance plan 
C)  an employer pays overtime to employees 
D)  all of the above are user-defined expenses 
A)  employer contributions to employment insurance (EI) 
B)  an employer pays the premiums for an employee life insurance plan 
C)  an employer pays overtime to employees 
D)  all of the above are user-defined expenses

Question 14

You can adjust a payroll journal entry after posting by -

Accepted Answer

A)  selecting a different employee 
B)  changing the wage rate 
C)  accessing the adjust paycheque feature from the payroll journal 
D)  changing the number of hours worked 
A)  selecting a different employee 
B)  changing the wage rate 
C)  accessing the adjust paycheque feature from the payroll journal 
D)  changing the number of hours worked

Question 15

The payroll journal may be used for only one of the following -

Accepted Answer

A)  all payments of employee cash transactions 
B)  all payments for employee purchase transactions 
C)  all payments that are wage or salary related 
D)  all payments to employees 
A)  all payments of employee cash transactions 
B)  all payments for employee purchase transactions 
C)  all payments that are wage or salary related 
D)  all payments to employees

Question 16

When you select pay remittance in the payments journal -

Accepted Answer

A)  the amounts for all payroll authorities are shown automatically 
B)  the amount shown as owing for an authority is the same as the liability account ledger balance 
C)  the journal always shows the amount owing for the previous month 
D)  you must select a payroll authority before the amount owing is displayed 
A)  the amounts for all payroll authorities are shown automatically 
B)  the amount shown as owing for an authority is the same as the liability account ledger balance 
C)  the journal always shows the amount owing for the previous month 
D)  you must select a payroll authority before the amount owing is displayed

Question 17

In the classic view, payroll journal reports may be accessed from -

Accepted Answer

A)  the home window --click the Report Centre, select Employee& Payroll transactions entries 
B)  the home window -click the pay cheques icon, then click the payroll journal 
C)  the home window -click the pay cheques icon and click the display tool 
D)  all of the above 
A)  the home window --click the Report Centre, select Employee& Payroll transactions entries 
B)  the home window -click the pay cheques icon, then click the payroll journal 
C)  the home window -click the pay cheques icon and click the display tool 
D)  all of the above

Question 18

When you prepare a payroll remittance for the first time -

Accepted Answer

A)  the historical balance forward amount is added automatically 
B)  changing the pay period ending date changes the amounts on the remittance form 
C)  you can enter any period ending date after the fiscal start date 
D)  both a and c above are correct 
A)  the historical balance forward amount is added automatically 
B)  changing the pay period ending date changes the amounts on the remittance form 
C)  you can enter any period ending date after the fiscal start date 
D)  both a and c above are correct

Question 19

Which one of the following general statements about payroll is not true -

Accepted Answer

A)  when adjusting a pay cheque, the program automatically recalculates vacation pay 
B)  the program will not automatically recalculate CPP, EI and Income Tax 
C)  when correcting for a wrong employee, you do not have to reverse the data 
D)  changes for employee earnings and deductions cannot be made at any time 
A)  when adjusting a pay cheque, the program automatically recalculates vacation pay 
B)  the program will not automatically recalculate CPP, EI and Income Tax 
C)  when correcting for a wrong employee, you do not have to reverse the data 
D)  changes for employee earnings and deductions cannot be made at any time

Question 20

Which of the following payroll details cannot be entered in the payroll cheque run journal -

Accepted Answer

A)  personal or sick leave days taken 
B)  employee benefits 
C)  advances given and recovered 
D)  all of the above can be entered in the payroll cheque run journal 
A)  personal or sick leave days taken 
B)  employee benefits 
C)  advances given and recovered 
D)  all of the above can be entered in the payroll cheque run journal

When an employee has chosen to deposit paycheques directly to his/her bank account -

How do EI, CPP, and Income Tax deductions differ from other payroll deductions -

In the process of correcting a wrong employee error all but one is used -

To make payroll tax remittances -

Employee benefits differ from other payroll deductions in that -

The payroll journal entries for different employees -

The payroll journal entries for two employees with the same gross pay may not show the same net pay because-

To correct a data error in a payroll journal entry after posting it you should -

The payroll journal transaction report screen does not show -

You should enter a date of termination for an employee -

When correcting a data error in a payroll journal entry before posting you should -

The payroll journal entry and report screens will show that the employer did not -

Which of the following would be considered a user-defined payroll expense -

You can adjust a payroll journal entry after posting by -

The payroll journal may be used for only one of the following -

When you select pay remittance in the payments journal -

In the classic view, payroll journal reports may be accessed from -

When you prepare a payroll remittance for the first time -

Which one of the following general statements about payroll is not true -

Which of the following payroll details cannot be entered in the payroll cheque run journal -

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Exam 8: Questions Helenas Academy

When an employee has chosen to deposit paycheques directly to his/her bank account -

How do EI, CPP, and Income Tax deductions differ from other payroll deductions -

In the process of correcting a wrong employee error all but one is used -

To make payroll tax remittances -

Employee benefits differ from other payroll deductions in that -

The payroll journal entries for different employees -

The payroll journal entries for two employees with the same gross pay may not show the same net pay because-

To correct a data error in a payroll journal entry after posting it you should -

The payroll journal transaction report screen does not show -

You should enter a date of termination for an employee -

When correcting a data error in a payroll journal entry before posting you should -

The payroll journal entry and report screens will show that the employer did not -

Which of the following would be considered a user-defined payroll expense -

You can adjust a payroll journal entry after posting by -

The payroll journal may be used for only one of the following -

When you select pay remittance in the payments journal -

In the classic view, payroll journal reports may be accessed from -

When you prepare a payroll remittance for the first time -

Which one of the following general statements about payroll is not true -

Which of the following payroll details cannot be entered in the payroll cheque run journal -

Questions Getting Started

Questions Gst, Hst and Pst

Questions Binhs Bins

Questions Love It Again

Questions Groen Fields

Questions Phoebes Photo Studio

Questions Air Care Services

Questions Northern Lights

Questions Karas Kitchens

Questions Andersson Chiropractic Clinic

Questions Maple Leaf Rags

Questions Shady Corners

Questions Sound Inc

Questions Tesses Tresses

Questions Velocity

Questions Ryders Routes Advanced Premium Features

Questions Able Associates Advanced Premium Features

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