TRX December 2nd, 2009

30 Questions | Total Attempts: 76

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TRX December 2nd, 2009

This test covers the information covered on day one of the TRX Pro-TW training.


Questions and Answers
  • 1. 
    What utility is used to move, copy, and rename returns?
    • A. 

      Taxwise Explorer

    • B. 

      Client Profile

    • C. 

      Communications

    • D. 

      Client Organizer

  • 2. 
    In ADMIN, you have the ability to do all of the following except
    • A. 

      Transfer Files from one user to another

    • B. 

      Open client returns

    • C. 

      Create new users

    • D. 

      Set form defaults

  • 3. 
    Where are the Taxwise files stored on the computer in a typical standalone install?
    • A. 

      Taxwise08 Folder

    • B. 

      Tax Returns 2008 Folder

    • C. 

      UTS08 Folder

    • D. 

      CCH08 Folder

  • 4. 
    You can only add a form to a return through the Add Form/Display Form List.
    • A. 

      TRUE

    • B. 

      FALSE

  • 5. 
    If a form in the Forms Tree has a red exclamation point beside it, what does that mean?
    • A. 

      It is ready to be sent immediately

    • B. 

      The due date for it to be filed has passed

    • C. 

      The calculations are wrong

    • D. 

      At least one required field is empty

  • 6. 
    Back-up, Restore, and Carry Forward are all found under which menu?
    • A. 

      Tools

    • B. 

      Communications

    • C. 

      File

    • D. 

      Edit

  • 7. 
    What menu would you find the option of Search/Query for Taxpayer?
    • A. 

      Communications

    • B. 

      File

    • C. 

      Reports

    • D. 

      Help

  • 8. 
    In the Taxwise Utilities/Setup Options, where do you go to change your company information?
    • A. 

      Communication

    • B. 

      File

    • C. 

      Setup

    • D. 

      Tools

  • 9. 
    After installing the program, where are the two places you have to type in your EFIN?
    • A. 

      System Snapshot and View Authorization

    • B. 

      Reindex Database and Install Federal Updates

    • C. 

      Taxwise Help and About Taxwise

    • D. 

      Set up Options and Register Software

  • 10. 
    You can only download conversions from support.taxwise.com
    • A. 

      TRUE

    • B. 

      FALSE

  • 11. 
    If you need to create a new 1040 return, but every time you click New Return it asks for an EIN, where should you go to enable creating a new return with a SSN?
    • A. 

      Change Tax Package

    • B. 

      Change User

    • C. 

      Client Profile

    • D. 

      Report Center

  • 12. 
    It’s best to log in as ADMIN and fill out a client's entire return in Edit Tax Form Defaults before you start your returns from the GUEST account.
    • A. 

      TRUE

    • B. 

      FALSE

  • 13. 
    When logged in as ADMIN, where do you go to create new users?
    • A. 

      Edit Tax Form Defaults

    • B. 

      File menu

    • C. 

      Taxwise Utilities/Setup Options

    • D. 

      Edit Menu

  • 14. 
    You can adjust the form size when editing a return.
    • A. 

      TRUE

    • B. 

      FALSE

  • 15. 
    When running a conversion to TW, you must run the conversion from ___ to ___.
    • A. 

      Prior software 08, Taxwise 09

    • B. 

      Prior software 09, Taxwise 09

    • C. 

      Taxwise 08, Taxwise 09

    • D. 

      Prior software 08, Taxwise 08

  • 16. 
    After installing the conversion, what is the path to access it?
    • A. 

      Start > All programs > TaxWise 2009 > Conversion

    • B. 

      Taxwise > File > Conversion

    • C. 

      My Computer > Local Disk > Conversion

    • D. 

      Start > Control Panel > Conversion

  • 17. 
    After installing Taxwise and launching the program for the first time, what will be the first thing you must do?
    • A. 

      Restart your computer

    • B. 

      Input your company information

    • C. 

      Install the shortcuts

    • D. 

      Reindex your database

  • 18. 
    By default, what is the password set to when you login to Taxwise for the first time?
    • A. 

      Your user name

    • B. 

      Your EFIN

    • C. 

      Your Client ID

    • D. 

      There is no password

  • 19. 
    You only need to download one conversion to convert both individual and business returns, if needed, from your previous software to your Taxwise software.
    • A. 

      TRUE

    • B. 

      FALSE

  • 20. 
    You can fill out your invoice settings when logged in as ADMIN under Edit Tax Form Defaults.
    • A. 

      TRUE

    • B. 

      FALSE

  • 21. 
    What is the keyboard shortcut for Search/Query for Taxpayer?
    • A. 

      Shift + F5

    • B. 

      Shift + F8

    • C. 

      Ctrl + Q

    • D. 

      Ctrl + S

  • 22. 
    What is the Keyboard Shortcut for printing the return you are currently viewing?
    • A. 

      Alt + F9

    • B. 

      Alt + F1

    • C. 

      Ctrl + Y

    • D. 

      Ctrl + P

  • 23. 
    What is the Keyboard Shortcut for displaying the Help window?
    • A. 

      F1

    • B. 

      F2

    • C. 

      F3

    • D. 

      F4

  • 24. 
    What is the Keyboard Shortcut for saving a return?
    • A. 

      F1

    • B. 

      F2

    • C. 

      F3

    • D. 

      F4

  • 25. 
    What is the Keyboard Shortcut for going to the nest required entry on a tax form?
    • A. 

      Ctrl + F10

    • B. 

      Ctrl + N

    • C. 

      Ctrl + L

    • D. 

      Ctrl + E

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