Sage 50 quiz 3 with complete solutions A+
rated
Can you use "Quick add" in the Payroll Journal Screen to add an employee? What are 4 fields that must
be filled in when adding an employee? (there are more than 5 fields.) - correct answer ✔✔No you
cannot use quick add to add an employee. Fields that must be entered when adding an employee are.
Personal information - could say the 15 requirements on this tab to get the marks
Direct deposit or cheque
Deductions
Fields in income screen (vacation rate, pay period)
When adjusting a paycheque what MUST you do to ensure the payroll taxes are correct. - correct answer
✔✔Recalculate the taxes
When would you use the paycheques icon? When would you use the Payroll Cheque Run icon? - correct
answer ✔✔Use the paycheque icon to generate 1 cheque. Use the paycheque Run icon to generate
more than 1 cheque, do a complete payroll run.
When using the Payroll Cheque Run to generate cheques, when do you post? - correct answer ✔✔You
post after all the information is entered for all the employees.
Who do you remit EI, CPP and income tax too? - correct answer ✔✔Receiver General
Name 2 other companies or types of companies you might have to remit too besides the one answered
in previous question (receiver general) - correct answer ✔✔WCB, RRSP provider, Garnishment of wages
(court), Insurance provider
Inventory codes are case sensitive T/F? - correct answer ✔✔True
rated
Can you use "Quick add" in the Payroll Journal Screen to add an employee? What are 4 fields that must
be filled in when adding an employee? (there are more than 5 fields.) - correct answer ✔✔No you
cannot use quick add to add an employee. Fields that must be entered when adding an employee are.
Personal information - could say the 15 requirements on this tab to get the marks
Direct deposit or cheque
Deductions
Fields in income screen (vacation rate, pay period)
When adjusting a paycheque what MUST you do to ensure the payroll taxes are correct. - correct answer
✔✔Recalculate the taxes
When would you use the paycheques icon? When would you use the Payroll Cheque Run icon? - correct
answer ✔✔Use the paycheque icon to generate 1 cheque. Use the paycheque Run icon to generate
more than 1 cheque, do a complete payroll run.
When using the Payroll Cheque Run to generate cheques, when do you post? - correct answer ✔✔You
post after all the information is entered for all the employees.
Who do you remit EI, CPP and income tax too? - correct answer ✔✔Receiver General
Name 2 other companies or types of companies you might have to remit too besides the one answered
in previous question (receiver general) - correct answer ✔✔WCB, RRSP provider, Garnishment of wages
(court), Insurance provider
Inventory codes are case sensitive T/F? - correct answer ✔✔True
