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Multiple Choice Quiz
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1
A company is not required to withhold payroll taxes for:
A)Employees paid by the hour
B)Salaried employees
C)Out-of-state employees
D)Subcontractors
2
A payment to a stockholder is recorded as a:
A)Employee paycheck
B)Vendor payment
C)Dividend
D)None of these
3
QuickBooks automatically creates a _______________ with payroll liability and payroll expense accounts.
A)Paycheck
B)Chart of Accounts
C)Preferences
D)All of these
4
New employees complete Form _______________ to indicate filing status and allowances.
A)W-2
B)W-3
C)W-4
D)1099
5
In the Weekly Timesheet window you can record:
A)Time billable to a specific vendor
B)Time billable to a specific customer
C)How many shipments of inventory items were received
D)Number of purchase orders from each supplier
6
In addition to time worked on a specific job, QuickBooks can also track which of the following for billing to specific customer jobs?
A)Items
B)Expenses
C)Mileage
D)All of these
7
A company completes Form _______________ to summarize for the IRS, the amount of federal income tax, Social Security, and Medicare withheld from employee paychecks for the year.
A)W-3
B)940
C)944
D)None of these
8
Which one of the following is not a payroll liability?
A)Property taxes
B)Unemployment taxes
C)State income taxes withheld
D)Federal income taxes withheld from employee paychecks
9
Subcontractor information is entered into QuickBooks using:
A)Employee List
B)Other Names List
C)Item List
D)Vendor List
10
QuickBooks permits you to track employee time in each of the following ways except:
A)QuickBooks Online Time Tracking
B)Timesheet
C)Paycheck
D)Stopwatch





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