Quickbooks Payroll Certification Training
Questions
After you prepare and submit your W-2 forms via QuickBooks Online Payroll, which 2 option will
indicate that the form was received correctly? - ANS-(*)The filing status will change to
Completed
The tax agency will contact you by phone to confirm
The tax agency will send a letter of confirmation
(*)You'll receive an email notification
Form 940 must be retained for how many years? - ANS-1 year
3 years
(*)4 years
5 years
In addition to keeping them on your books, how does QuickBooks Online Payroll handle voided
paychecks? - ANS-(*)The paycheck will show in the list, but with a zero balance
The paycheck will be deleted from the list
The paycheck will show in the list but with balance and tax debited
The paycheck will be deleted from the list, and the check will be canceled
In their spare time, a volunteer has been working for your client, a charity shop. The charity has
secured additional funding for the next 12 months to fund a paid role for the volunteer for 15
hours per week. - ANS-Full time
(*)Part-time
Intern
No change
What happens if a QuickBooks Online Payroll Elite client receives a payroll tax penalty because
of a product error? - ANS-The penalty is discounted by 50%
(*)A QuickBooks Elite Payroll subscription guarantees to cover the cost of any penalty
The penalty is paid automatically via the client's QuickBooks Online Payroll file
The client receives a notification on the Payroll Center Overview screen
What report shows all paychecks you've created, including a detailed breakdown of the amounts
of all wages, taxes, and deductions. - ANS-Payroll Deductions/Contributions
Questions
After you prepare and submit your W-2 forms via QuickBooks Online Payroll, which 2 option will
indicate that the form was received correctly? - ANS-(*)The filing status will change to
Completed
The tax agency will contact you by phone to confirm
The tax agency will send a letter of confirmation
(*)You'll receive an email notification
Form 940 must be retained for how many years? - ANS-1 year
3 years
(*)4 years
5 years
In addition to keeping them on your books, how does QuickBooks Online Payroll handle voided
paychecks? - ANS-(*)The paycheck will show in the list, but with a zero balance
The paycheck will be deleted from the list
The paycheck will show in the list but with balance and tax debited
The paycheck will be deleted from the list, and the check will be canceled
In their spare time, a volunteer has been working for your client, a charity shop. The charity has
secured additional funding for the next 12 months to fund a paid role for the volunteer for 15
hours per week. - ANS-Full time
(*)Part-time
Intern
No change
What happens if a QuickBooks Online Payroll Elite client receives a payroll tax penalty because
of a product error? - ANS-The penalty is discounted by 50%
(*)A QuickBooks Elite Payroll subscription guarantees to cover the cost of any penalty
The penalty is paid automatically via the client's QuickBooks Online Payroll file
The client receives a notification on the Payroll Center Overview screen
What report shows all paychecks you've created, including a detailed breakdown of the amounts
of all wages, taxes, and deductions. - ANS-Payroll Deductions/Contributions
