What are 2 benefits of using QuickBooks Online Payroll when using QuickBooks Online? No need to add
Question:
What are 2 benefits of using QuickBooks Online Payroll when using QuickBooks Online?
- No need to add new employees
- Automatic payment of payroll tax liabilities and filing of forms
- Ability to enter lump sum entry for payroll
- No need to enter payroll into QuickBooks Online from another payroll service
- Easily have Circular E available to calculate tax withholdings
Liz’s Lizard Emporium has asked you which QuickBooks Online Payroll she should sign up for. You have determined that she is cost-conscious and wants to run payroll weekly on Friday for hours worked through the previous Sunday.
Which payroll subscription would you recommend?
- QuickBooks Online Payroll Core
- QuickBooks Online Payroll Enhanced
- QuickBooks Online Payroll Elite
- QuickBooks Online Payroll Basic
What 2 features are available in QuickBooks Online Payroll Premium and Elite that are not in QuickBooks Online Payroll Core?
- Same-day direct deposit
- 24-hour direct deposit
- QuickBooks Time
- Ability to manage garnishments and deductions
- Ability to turn on Auto Payroll
Which of these sections are visible in the Overview tab in the Payroll Center once payroll setup is complete?
- Schedules, Payroll history, Benefits
- Next paydate, Payroll settings, Benefits
- Next paydate, To do list, Shortcuts
- Payroll settings, To do list, Shortcuts
How do you view an employee list—including those who have been terminated?
- Navigation > Payroll > Find employee > All employees
- Navigation > Payroll > Employees tab > Active employees dropdown > All employees
- Navigation > Overview > Show all employees > Check make active
- Navigation > Payroll > Employees tab > Find employee > Status > All employees
Stan has a new QuickBooks Online Payroll subscription. He would like to pay his employee by Friday.
When using the Payroll wizard, what information can he add later to pay his employee?
- Name
- Email address
- Pay frequency
- Pay rate
When adding a new employee manually, which 2 payroll details must be entered before you can process payroll for them?
- Deduction
- Hire date
- Birth date
- Bank information
- PTO accrual
In the Payroll wizard, which 2 of these can you do?
- Ask employees to fill in their hire date
- Ask employees to fill in their Form W-4 information
- Invite employees to choose voluntary deductions
- Ask employees for their preferred pay schedule
- Invite employees to track time with QuickBooks Online Time
When adding a new employee to payroll, which 6 pieces are information are required?
- Hire date
- How often you pay the employee
- Pay rate or salary
- Address
- Date of birth
- Gender
- Payment method
- W-4 information, including address and Social Security number
What are 2 possible ways an employee can view their paycheck details?
- Transmit the paycheck with the direct deposit
- Employees can use the Invite to Workforce option
- Email the paycheck directly to the employee
- Print a paper paycheck
- Employees can use the Total Pay report
Which 3 direct deposit options does QuickBooks Online Payroll support?
- Direct deposit through PayPal
- Direct deposit with balance as a check
- Direct deposit into one account
- Direct deposit into two accounts
- Direct deposit through Venmo
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill