Laura, in Personnel, Needs to Create a New Payroll Workbook

question 70

Multiple Choice

Laura, in Personnel, needs to create a new payroll workbook each month. The formatting and formulas are the same in each new workbook; only the payroll data is different. During a conversation at lunch, she asks if you have any suggestions for ways she can save time with this workbook setup task.
-Laura was so impressed with your helpful suggestion for the payroll workbook that she gives you a call about another issue.She has just been told that some of the branch office payroll data will now be available in an Access database table.She is unfamiliar with Access and asks you if there is an easy way to get the Access table data into the payroll workbook.You tell her that she can _____.

• A) import the Access table using an ASCII table modifier downloaded from the IT department's Web site
• B) open the Access database and the Excel workbook and then drag the Access table to the desired location on a worksheet in the payroll workbook
• C) open the Access database,print the table's datasheet,and then manually enter the data on the printout in a worksheet in the payroll workbook
• D) have the branch offices copy the Access table,paste it on the branch office webpage,and then create a Web query to import the data into the payroll workbook

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Definitions:

Passive Activity

Economic activities in which the investor does not materially participate, often related to rental property or businesses in which the person does not actively manage.

At-Risk Amount

The value of money that an investor can actually lose in an investment, often determining the limit of deductible losses in tax contexts.

AMT Purposes

For Alternative Minimum Tax calculations, specific adjustments and tax preference items that determine AMT taxable income.

At-Risk Amount

The portion of an investment under which the investor could actually lose money, often considered in tax implications and incentives.