21. When the Payroll feature is activated, QuickBooks automatically creates which two default general ledger accounts

a. Social Security and Medicare Liabilities and Expense.

b. Payroll Liabilities and Payroll Expenses.

c. Federal Income Tax and State Income Tax Liabilities.

d. FUTA Liabilities and FUTA Expense.

22. Payroll Setup in QuickBooks includes

a. Activating the Payroll feature.

b. Customizing and adding payroll accounts to the Chart of Accounts List.

c. Choosing a QuickBooks Payroll Service or choosing to process payroll manually.

d. All of the above.

23. The List which contains a file for each type of payroll item that affects the payroll computation is the

a. Employee List.

b. Payroll Processing List.

c. Pay Employee List.

d. Payroll Item List.

24. How many Payroll item types are listed on the Add new payroll item page?

a. 2.

b. 5.

c. 7.

d. 10.