QuickBooks Payroll Training Exam Questions with Verified Answers,100% CORRECT

QuickBooks Payroll Training Exam Questions with Verified Answers When printing checks, what is the preferred check style to give an employee a paystub? - CORRECT ANSWER Voucher When setting up a new employee, what is important about the payroll Info Tab? - CORRECT ANSWER Whatever you enter/see in the window affects each paycheck, unless you change the information on the paycheck itself. Why must you set deposit frequencies for the taxes or deductions your company has to pay (Payroll Liabilities)? - CORRECT ANSWER So that Payroll Liabilities show up in the Pay Taxes & Other Liabilities List in the Payroll Center. What are the first two steps to set up Payroll in QuickBooks? - CORRECT ANSWER 1) Sign up for a Payroll service 2) Complete the Payroll Setup Interview Dan T. Miller, one of your employees, recently got a raise. His new salary is $45,000 a year. Enter this salary change in QuickBooks. - CORRECT ANSWER Go to Employees > Payroll Center > Employees > Dan T. Miller > Payroll Info > Change salary to $45,000 > Click OK. How do you use Write Checks to Payroll Liabilities so your Payroll Reports are accurate? - CORRECT ANSWER You can't Which of the following Payroll Services are available with QuickBooks? - CORRECT ANSWER If you work for a company or own a business, it's important to understand your choices for running payroll. Basic, Enhanced, Assisted How do you track sick or vacation time in QuickBooks? - CORRECT ANSWER When you setup an employee, define how QuickBooks should accrue time, Set up a sick or vacation wage item, Pay an employee with a sick or vacation wage item. How does entering time for a job affect job cost reports? - CORRECT ANSWER None of these answers are correct. (Just entering time in QuickBooks is nonposting, which means it does not affect any accounts) When would you use the Expenses tab on a Payroll Liability Check? - CORRECT ANSWER To enter late fees/penalties or interest What report should you use to help you complete the state unemployment tax form? - CORRECT ANSWER Employee State Taxes Detail Which of these forms would you give to an employee? - CORRECT ANSWER W-2; If you give an someone a W-2, they must appear on the Employee list.