Computer Accounting With Quickbooks Online Updated Actual Questions And Correct Answers Complete Study Guide

COMPUTER ACCOUNTING WITH
QUICKBOOKS ONLINE UPDATED ACTUAL
QUESTIONS AND CORRECT ANSWERS
COMPLETE STUDY GUIDE

●● To use the payroll feature in QuickBooks Online, you first
a. activate the payroll feature.
b. have QuickBooks Online set up your payroll.
c. set up your account with the US Treasury.
Answer: a. activate the payroll feature.


●● Gross pay is the total earnings for an employee for a specific pay
period
a. after federal and state income tax withholding.
b. after withholdings and deductions.
c. after FICA and Medicare tax are deducted.
d. before withholdings and deductions.
Answer: d. before withholdings and deductions.


●● Which of the following is covered by QuickBooks Online Elite
Payroll, but not with the Core Payroll service?
a. computing withholdings and deductions

, b. tax penalty protection
c. computing gross pay
d. filing and remitting taxes
Answer: b. tax penalty protection


●● The acronym FUTA refers to the
a. federal income tax.
b. Social Security tax.
c. state unemployment insurance tax.
d. Federal Unemployment Tax Act.
Answer: d. Federal Unemployment Tax Act.


●● Which of the following pairs of taxes represent the federal and state
versions of unemployment insurance tax?
a. FUTA and SIT
b. FUTA and SUI
c. FIT and SIT
d. FICA and SIT
Answer: b. FUTA and SUI


●● By what acronym is the Social Security tax known?
a. SUI