Computer Accounting Study Set 2

Business

Quiz 11 :

Employees and Payroll

Quiz 11 :

Employees and Payroll

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Companies that owe a lot of payroll tax typically pay and file more frequently.
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True False
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Answer:

True

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Employee withholdings that are collected within paychecks are filed by the employer.
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True False
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True

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QBO_Student Name is located in this City and State:
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Multiple Choice
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Answer:

D

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The most common default for paychecks is no deductions.
True False
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In Chapter 11, the name of the employee added is:
Multiple Choice
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In Chapter 11, paychecks are issued on Monday.
True False
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In Chapter 11, the employee is paid:
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The Premium and Core payroll apps are for 30 days.
True False
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QBO includes __________ for paying taxes to federal and state agencies.
Multiple Choice
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It's optional whether to submit federal tax deposit payments electronically.
True False
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Employee Information includes:
Multiple Choice
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In Chapter 11, the employee is paid with a/an:
Multiple Choice
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QBO automatically sets up default accounts for payroll liabilities and expenses.
True False
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In Chapter 11, Paycheck #1118 shows gross pay of $509.71.
True False
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Employees complete Form W-4.
True False
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This form __________ shows a summary of the employer's W-2 forms.
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Who is your payroll contact?
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Payroll liability accounts are classified as expenses.
True False
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This information is available from your state or local tax agency.
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Form 940, Employee's Annual Federal Unemployment shows:
Multiple Choice
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