Question 1

Which one of the following statements about payroll is incorrect -

Accepted Answer

A)  you must record an hourly rate,salary or commission to process a paycheque
B)  the program calculates EI,CPP and Income Tax based on federal tax tables
C)  you must enter amounts for RRSP and Medical manually in the payroll journals
D)  the payroll ledgers do not have a single control accountE) A) and D)
F) C) and D)

Question 2

You should enter a date of termination for an employee -

Accepted Answer

A)  to indicate that the employee works on a short-term contract
B)  as soon as you learn the date the employee plans to leave
C)  after the employee has left the company
D)  at any time before the employee leaves the companyE) A) and B)
F) B) and C)

Question 3

In the classic view,payroll journal reports may be accessed from -

Accepted Answer

A)  the home window --click the Report Centre,select Employee& Payroll journal entries
B)  the home window -click the pay cheques icon,then click the payroll journal
C)  the home window -click the pay cheques icon and click the display tool
D)  all of the aboveE) B) and D)
F) All of the above

Question 4

When an employee has chosen to deposit paycheques directly to his/her bank account -

Accepted Answer

A)  you can click direct deposit in the journal to issue a regular cheque
B)  you must add the bank account number to the payroll journal for the employee
C)  you cannot enter the paycheque in the payroll cheque run journal
D)  you cannot issue a cheque directly to the employee unless you change the employee ledger settingsE) A) and B)
F) A) and D)

Question 5

The payroll journal entry and report screens show that only the employer -

Accepted Answer

A)  contributed to the CPP payable
B)  contributed to the EI payable
C)  contributed to the RRSP payable
D)  contributed to the WCB payableE) B) and C)
F) A) and D)

Question 6

To make payroll tax remittances -

Accepted Answer

A)  select pay remittance in the payroll journal and then select the supplier
B)  select pay remittance in the payments journal and then select the supplier
C)  select the supplier in the purchases journal and then select pay remittance
D)  select the supplier in the payments journal and then select pay remittanceE) B) and C)
F) C) and D)

Question 7

Which of the following statements about payroll journal entries is correct -

Accepted Answer

A)  you can adjust a posted payroll journal entry from the payroll cheque run journal
B)  you cannot change the default number of regular hours in the payroll cheque run journal
C)  you can edit the piece rate in the payroll cheque run journal
D)  you can adjust a payroll cheque run journal entry in the payroll journalE) All of the above
F) A) and C)

Question 8

Which one of the following general statements about payroll is incorrect -

Accepted Answer

A)  all payroll cheque run entries are recorded with the same posting date
B)  quick add will add the employee name to the payroll ledger
C)  one-time bonus payments should be recorded separately
D)  you may edit any field that is not dimmedE) All of the above
F) C) and D)

Question 9

The employee summary report option shows -

Accepted Answer

A)  wage or salary amounts
B)  all year-to-date totals
C)  all information entered in employee records
D)  earnings and deductions from a paychequeE) B) and C)
F) A) and B)

Question 10

Which of the following is not required when you make a payroll tax remittance -

Accepted Answer

A)  select pay remittance and then select the payroll authority
B)  enter the pay period covered by the remittance
C)  enter an adjustment amount for the opening general ledger account balance
D)  enter or accept the amount of the paymentE) A) and B)
F) C) and D)

Question 11

To pay out the vacation pay for a previously retained amount,you must -

Accepted Answer

A)  de-select the employee's retain vacation check box
B)  once the amount is released,choose recalculate taxes
C)  remove wage amounts and optional deductions
D)  a and c aboveE) B) and D)
F) A) and B)

Question 12

The payroll journal entry report screen does not show -

Accepted Answer

A)  if the employee is paying RRSP contributions
B)  if the employee is receiving an advance
C)  the employee's gross pay amount
D)  if the employer is retaining vacation payE) All of the above
F) B) and D)

Question 13

The payroll journal may be used for only one of the following -

Accepted Answer

A)  all payments of employee cash transactions
B)  all payments for employee purchase transactions
C)  all payments that are wage or salary related
D)  all payments to employeesE) A) and D)
F) All of the above

Question 14

To correct a data error in a payroll journal entry after posting it you should -

Accepted Answer

A)  select the employee from the employees list
B)  select the adjust cheque tool as a first step
C)  select the incorrect fields) and enter the correct data
D)  select cancel and re-enter the correct informationE) None of the above
F) A) and D)

Question 15

Which one of the following general statements about payroll is not true -

Accepted Answer

A)  when adjusting a pay cheque,the program automatically recalculates vacation pay
B)  the program will not automatically recalculate CPP,EI and Income Tax
C)  when correcting for a wrong employee,you do not have to reverse the data
D)  changes for employee earnings and deductions cannot be made at any timeE) A) and C)
F) B) and C)

Question 16

When in the process of correcting a data error in the payroll entry after posting -

Accepted Answer

A)  one should remember to recalculate the taxes
B)  one should remember to reverse all amounts
C)  one should remember to first cancel the entry
D)  one should remember to re-enter all dataE) A) and C)
F) A) and B)

Exam 8: Helenas Academy

The payroll journal entry and report screens show that only the employer -

Correct Answer
verified

Which one of the following general statements about payroll is incorrect -

Correct Answer
verified

When an employee has chosen to deposit paycheques directly to his/her bank account -

Correct Answer
verified

The payroll journal entry report screen does not show -

Correct Answer
verified

Which of the following statements about payroll journal entries is correct -

Correct Answer
verified

Which of the following is not required when you make a payroll tax remittance -

Correct Answer
verified

You should enter a date of termination for an employee -

Correct Answer
verified

In the classic view,payroll journal reports may be accessed from -

Correct Answer
verified

To make payroll tax remittances -

Correct Answer
verified

To correct a data error in a payroll journal entry after posting it you should -

Correct Answer
verified

Which one of the following general statements about payroll is not true -

Correct Answer
verified

When in the process of correcting a data error in the payroll entry after posting -

Correct Answer
verified

The payroll journal may be used for only one of the following -

Correct Answer
verified

To pay out the vacation pay for a previously retained amount,you must -

Correct Answer
verified

Which one of the following statements about payroll is incorrect -

Correct Answer
verified

The employee summary report option shows -

Correct Answer
verified

Exam 8: Helenas Academy

The payroll journal entry and report screens show that only the employer -

Correct AnswerverifiedShow Answer

Which one of the following general statements about payroll is incorrect -

Correct AnswerverifiedShow Answer

When an employee has chosen to deposit paycheques directly to his/her bank account -

Correct AnswerverifiedShow Answer

The payroll journal entry report screen does not show -

Correct AnswerverifiedShow Answer

Which of the following statements about payroll journal entries is correct -

Correct AnswerverifiedShow Answer

Which of the following is not required when you make a payroll tax remittance -

Correct AnswerverifiedShow Answer

You should enter a date of termination for an employee -

Correct AnswerverifiedShow Answer

In the classic view,payroll journal reports may be accessed from -

Correct AnswerverifiedShow Answer

To make payroll tax remittances -

Correct AnswerverifiedShow Answer

To correct a data error in a payroll journal entry after posting it you should -

Correct AnswerverifiedShow Answer

Which one of the following general statements about payroll is not true -

Correct AnswerverifiedShow Answer

When in the process of correcting a data error in the payroll entry after posting -

Correct AnswerverifiedShow Answer

The payroll journal may be used for only one of the following -

Correct AnswerverifiedShow Answer

To pay out the vacation pay for a previously retained amount,you must -

Correct AnswerverifiedShow Answer

Which one of the following statements about payroll is incorrect -

Correct AnswerverifiedShow Answer

The employee summary report option shows -

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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