Deck 8: Payroll

Question 1

A voided check______ .

A)shows an amount of 0.00
B)has a memo of VOID
C)remains as part of the company records
D)all the above

Answer 1

all the above

Question 2

Pay stub information may be printed_____ .

A)as part of a voucher check
B)separately
C)only in an individual employee report
D)both A or B

Answer 2

both A or B

Question 3

Pay rate changes are effective_____ .

A)immediately
B)at the end of the next payroll period
C)at the end of the quarter
D)after a W-2 has been prepared for the employee

Answer 3

immediately

Question 4

Processing the Payroll Liability Balances Report does not generate the checks for payment of the liabilities.

Question 5

If several taxes are owed to a single agency, QuickBooks generates a single check to the agency that includes all tax liability items.

Question 6

The Payroll Item List contains______ .

A)a list of payroll items for hourly wages and salary
B)a list of federal payroll tax items and amounts
C)a list of state payroll tax items and amounts
D)all the above

Question 7

Once an employee is hired, you may not change the pay period from semi-monthly to monthly.

Question 8

You must unlock the paycheck detail on the paycheck before editing amounts that affect net pay.

Question 9

QuickBooks Desktop Payroll Setup is accessed to select Manual Calculations for processing the payroll.

Question 10

The Payroll Liability Balances report may not be printed before payroll liabilities are paid.

Question 11

When processing payroll manually, you must enter the withholding information.

Question 12

A paycheck differs from a regular check because_____ .

A)it lists accounts and amounts at the bottom of the screen
B)it provides a Payroll Summary and an option to view Paycheck Detail
C)changes are not allowed
D)once created, it may not be voided or deleted

Question 13

To change the salary for an employee, you would go to the_______ .

A)Company Settings
B)Payroll Detail Report
C)Employee Center
D)none of the above

Question 14

You must use voucher checks for payroll checks.

Question 15

To change the amount of a deduction entered on an employee's paycheck that has been created but not distributed, you _____.

A)must void the check and issue a new one
B)adjust the next check to include the change
C)unlock and change the Paycheck Detail for the check and reprint it
D)any of the above

Question 16

When payroll liabilities to be paid have been selected, QuickBooks will ______.

A)create a separate check for each liability
B)automatically process a Payroll Liabilities report
C)consolidate liabilities paid and create one check for each vendor
D)prepare any tax return forms necessary

Question 17

If an hourly employee uses sick pay, the number of sick hours will be entered in Sick Hourly Rate.

Question 18

When adding a new employee to your existing employees, you use the______ .

A)Employee File
B)Employee Roster
C)Employee Center
D)Employee Ledger

Question 19

When you process payroll manually, QuickBooks automatically prepares your paychecks and files all payroll taxes.

Question 20

When a salaried employee works for part of the pay period, takes a vacation, and uses sick leave within the same pay period, QuickBooks allocates the salary to ______.

A)Salary
B)Sick Salary
C)Vacation Salary
D)All the above

Question 21

When the Employee Center is on the screen, the keyboard shortcut used to add a new employee is______ .

Question 22

To select Manual Payroll, you go to the______ and press F1 to access Help.

Question 23

The reports that show an employee's gross pay, sick and vacation hours and pay, deductions, taxes, and other details are the ______ and the _____Summary .

Question 24

For security reasons, it is better to_____a paycheck than to _____it.

Question 25

Once a paycheck has been created, it may be changed by accessing the paycheck and clicking the_________button and _____ .