Question 1

If a CPP amount is missing in a payroll journal entry,it is most likely that -

Accepted Answer

A) the employee has made the maximum contribution for the year 
B) the employee's province of employment does not require CPP contributions 
C) the employee makes CPP contributions outside of work 
D) all of the above are possible explanations 
A) the employee has made the maximum contribution for the year 
B) the employee's province of employment does not require CPP contributions 
C) the employee makes CPP contributions outside of work 
D) all of the above are possible explanations A

Question 2

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 D

Question 3

In the payroll cheque run journal,you cannot -

Accepted Answer

A) enter amounts for advances and advances recovered 
B) enter amounts for bonuses and commissions 
C) edit the salary amount for a period 
D) all of the above can be entered in the payroll cheque run journal 
A) enter amounts for advances and advances recovered 
B) enter amounts for bonuses and commissions 
C) edit the salary amount for a period 
D) all of the above can be entered in the payroll cheque run journal D

Question 4

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 are 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 are may not be the same 
C) the employees live in different provinces 
D) all of the above

Question 5

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 reverse 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 reverse paycheque 
D) one should remember to recalculate the taxes

Question 6

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 paycheque run 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 paycheque run journal 
D) changing the number of hours worked

Question 7

Transactions entered in the payroll journal will not record -

Accepted Answer

A) all necessary details of the employees pay 
B) only hourly wage related types of transactions 
C) hourly rated,salary and commission payments 
D) all earnings and deductions for the employee 
A) all necessary details of the employees pay 
B) only hourly wage related types of transactions 
C) hourly rated,salary and commission payments 
D) all earnings and deductions for the employee

Question 8

When you post a payroll entry the following accounts are updated -

Accepted Answer

A) all properly linked payroll ledger accounts 
B) only the employee's wages expense and wages payable ledgers 
C) only the employer's wages expense and wages payable ledgers 
D) only the employee's earnings and deductions 
A) all properly linked payroll ledger accounts 
B) only the employee's wages expense and wages payable ledgers 
C) only the employer's wages expense and wages payable ledgers 
D) only the employee's earnings and deductions

Question 9

The Payroll module window has journal icons for -

Accepted Answer

A) all types of payments to suppliers 
B) paycheques and payroll remittances 
C) purchases,payroll remittances and paycheques 
D) all of the above 
A) all types of payments to suppliers 
B) paycheques and payroll remittances 
C) purchases,payroll remittances and paycheques 
D) all of the above

Question 10

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 11

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

Question 12

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 13

When an employee is entitled to sick leave and takes two days off during a pay period -

Accepted Answer

A) enter 2 in the sick leave days earned field on the entitlements tab screen in the payroll journal 
B) enter 2 in the sick leave days taken field on the entitlements tab screen in the employee ledger 
C) enter 2 in the sick leave days released field on the entitlements tab screen in the payroll journal 
D) reduce the number of hours worked on the income tab screen in the payroll journal by 2 days 
A) enter 2 in the sick leave days earned field on the entitlements tab screen in the payroll journal 
B) enter 2 in the sick leave days taken field on the entitlements tab screen in the employee ledger 
C) enter 2 in the sick leave days released field on the entitlements tab screen in the payroll journal 
D) reduce the number of hours worked on the income tab screen in the payroll journal by 2 days

Question 14

When preparing a payroll journal entry for a salaried employee you must -

Accepted Answer

A) record the regular hours worked to determine the salary amount 
B) show the hours worked during the period for EI purposes 
C) show the hours worked during the period for CPP purposes 
D) show the hours worked during the period for WCB or WSI
B) purposes 
A) record the regular hours worked to determine the salary amount 
B) show the hours worked during the period for EI purposes 
C) show the hours worked during the period for CPP purposes 
D) show the hours worked during the period for WCB or WSI
B) purposes

Question 15

When you examine a payroll journal entry,you can see that an employee is repaying an advance -

Accepted Answer

A) from a debit entry for the Advances Receivable account 
B) from a credit entry for the Advances Receivable account 
C) from a reduced amount for the Wages Expense account 
D) from an increased amount for the Wages Expense account 
A) from a debit entry for the Advances Receivable account 
B) from a credit entry for the Advances Receivable account 
C) from a reduced amount for the Wages Expense account 
D) from an increased amount for the Wages Expense account

Question 16

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 17

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 18

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 fields)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 fields)and enter the correct data 
D) discard the payroll transaction by clicking the undo tool

Question 19

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 20

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

If a CPP amount is missing in a payroll journal entry,it is most likely that -

When you select pay remittance in the payments journal -

In the payroll cheque run journal,you cannot -

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

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

You can adjust a payroll journal entry after posting by -

Transactions entered in the payroll journal will not record -

When you post a payroll entry the following accounts are updated -

The Payroll module window has journal icons for -

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

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

Employee benefits differ from other payroll deductions in that -

When an employee is entitled to sick leave and takes two days off during a pay period -

When preparing a payroll journal entry for a salaried employee you must -

When you examine a payroll journal entry,you can see that an employee is repaying an advance -

The payroll journal entries for different employees -

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

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

When you prepare a payroll remittance for the first time -

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

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Exam 8: Helenas Academy

If a CPP amount is missing in a payroll journal entry,it is most likely that -

When you select pay remittance in the payments journal -

In the payroll cheque run journal,you cannot -

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

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

You can adjust a payroll journal entry after posting by -

Transactions entered in the payroll journal will not record -

When you post a payroll entry the following accounts are updated -

The Payroll module window has journal icons for -

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

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

Employee benefits differ from other payroll deductions in that -

When an employee is entitled to sick leave and takes two days off during a pay period -

When preparing a payroll journal entry for a salaried employee you must -

When you examine a payroll journal entry,you can see that an employee is repaying an advance -

The payroll journal entries for different employees -

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

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

When you prepare a payroll remittance for the first time -

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

Getting Started

GST,HST and PST

Muriels Murals

Toss for Tots

Chai Tea Room

Phoebes Photo Studio

Air Care Services

Lime Light Laundry

Flabuless Fitness

Andersson Chiropractic Clinic

Maple Leaf Rags

Truman Tires

Village Galleries

Tesses Tresses

Velocity

Ryders Routes Advanced Premium Features

Able Associates Advanced Premium Features

Filters