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Multiple Choice Quiz
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1
The Employee Defaults window includes tabs for the following:
A)General.
B)Pay levels.
C)Employee fields.
D)Employer fields.
E)All of the above.
2
To print an employee paycheck, the following information must be entered on the Payroll Entry window:
A)Employee ID.
B)Check No.
C)Date and pay period end date.
D)Hours worked (when applicable).
E)a, c, d not b.
3
The Payroll Journal for Nancy's Sales & Serive for January 2006 shows:
A)Wages expense.
B)Payroll withholdings.
C)Payroll tax expense.
D)Net Payroll deducted from the payroll account.
E)All of the above.
4
On the January 31, 2007 Balance Sheet for Nancy's Sales & Service, total current assets are:
A)$224,454.06.
B)$121,390.99.
C)$127,098.32.
D)$112,500.00.
E)$100,000.00.
5
If the ratio of Cost of sales to Sales = Cost of sales percentage for each inventory item sold, the inventory item(s) which result in the best gross profit for 2007 is/are:
A)Hardware.
B)Wall.
C)Floor.
D)Lights.
E)All items result in the same gross profit.







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