BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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employee earnings record
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payroll register
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total earnings
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pay period
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Detailed explanation-1: -Payroll register – a business form used to record payroll information. B. A payroll register summarizes the payroll for one pay period and shows total earnings, payroll withholdings, and net pay of all employees.
Detailed explanation-2: -Calculate net pay: The employee earnings record tells you each employee’s net pay, which is the amount they’ll take home in a given pay period after taxes. The employee earnings record shows how much is deducted from gross pay and for which taxes, so that employees always know how their take-home pay is determined.
Detailed explanation-3: -Net pay, or take-home pay, is an employee’s earnings total after all deductions are subtracted from their gross pay.
Detailed explanation-4: -A payroll register is tool that records wage payment information about each employee – gross pay, deductions, tax withholding, net pay and other payroll-related information – for each pay period and pay date.
Detailed explanation-5: -Which of the following is true of employee’s earnings record? It records payroll record on each employee separately.