Xero Certified Advisor Xero Payroll Management 3

Question 1

In Xero Payroll (US), which report provides a summary of all wages and taxes for employees during a selected period?

Accepted Answer

Payroll Activity Summary

Answer

Balance Sheet

Answer

Profit and Loss Statement

Answer

Accounts Payable Aging Report

Question 2

What is the purpose of a W-2 form in US payroll?

Accepted Answer

It reports annual wages paid and taxes withheld to the employee and the IRS

Answer

It determines the amount of federal taxes an employee wants withheld each pay period

Answer

It is used by independent contractors to report their self-employment income

Answer

It is an employer's quarterly federal tax return

Question 3

By what date must US employers provide W-2 forms to employees for the previous tax year?

Accepted Answer

January 31

Answer

December 31

Answer

March 15

Answer

April 15

Question 4

In Xero, which payroll feature tracks employee vacation and sick time accruals and usage?

Accepted Answer

Payroll Leave tracking

Answer

Time Off Request Manager

Answer

HR Compliance Dashboard

Answer

Employee Scheduling Module

Question 5

What does 'workers' compensation' refer to in the context of US payroll and employment?

Accepted Answer

A state-mandated insurance program providing benefits to employees injured on the job

Answer

A mandatory retirement savings plan funded by employee payroll deductions

Answer

A federal tax credit for employers who hire workers from disadvantaged groups

Answer

A supplemental health insurance plan for part-time employees

Question 6

In Xero Payroll, what happens when you 'void' a previously approved payroll run?

Accepted Answer

It reverses the payroll journal entries and marks the run as void so corrections can be made

Answer

It permanently deletes the employee records linked to that run

Answer

It automatically re-runs payroll with updated tax tables applied

Answer

It sends an automated notice to the IRS about the payroll correction

Question 7

Which Xero feature allows employees to view their own payslips and manage personal payroll information online?

Accepted Answer

Xero Me (Employee Self-Service portal)

Answer

Xero Practice Manager

Answer

Xero WorkflowMax

Answer

Xero Projects