Question 1 (1 point)

When you discover that an employee was overpaid, you should void the paycheck and create a new one with the correct amount.

Question 1 options:

	True
	False

Save

Question 2 (1 point)

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.

Question 2 options:

	True
	False

Save

Question 3 (1 point)

When must you enter the W-4 information for an employee?

Question 3 options:

	The day the employee is hired
	Anytime; it's only for your records
	Before you first run payroll
	Before W2s are printed at year end

Save

Question 4 (1 point)

What form do you provide to the government to report your annual federal unemployment?

Question 4 options:

	1099-MISC
	W-2
	1096
	940

Save

Question 5 (1 point)

You should simply write a check for your payroll taxes.

Question 5 options:

	True
	False

Save

Question 6 (1 point)

Which account is decreased when you pay your payroll liabilities?

Question 6 options:

	Checking
	Payroll Liabilities
	Both a and c
	Accounts Payable

Save

Question 7 (1 point)

You will not be able to set up your employees until after you set up employee defaults.

Question 7 options:

	True
	False

Save

Question 8 (1 point)

If you pay payroll liabilities with a regular check, you can just fix it with a journal entry.

Question 8 options:

	True
	False

Save

Question 9 (1 point)

The majority of payroll mistakes are due to payroll items being set up incorrectly.

Question 9 options:

	True
	False

Save

Question 10 (1 point)

You should enter your subcontractors in the Employee List.

Question 10 options:

	True
	False

Save

Previous PageNext Page