BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

FINANCIAL ACCOUNTING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A business form used to record details affecting payments made to an employee.
A
employee earnings record
B
payroll register
C
total earnings
D
pay period
Explanation: 

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.

There is 1 question to complete.