MANAGEMENT

BUISENESS MANAGEMENT

TAXES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A “pay period” is
A
The date I received a paycheck
B
The recorded length of time I worked and was paid for
C
How many taxes were taken out of my paycheck that year
D
The entire period of time I was employed by a company
Explanation: 

Detailed explanation-1: -A pay period is a regularly scheduled period of time that establishes when employees get paid. A pay period also includes the length of time during which employee work hours are tracked and recorded. Having regular pay periods establishes a set schedule so employees know when they can expect their next paycheck.

Detailed explanation-2: -Pay periods can be weekly, biweekly (every two weeks), semimonthly (twice a month), or monthly.

Detailed explanation-3: -A pay period is a time frame used to calculate earned wages and determine when employees receive their paychecks. Pay periods are fixed and most often recurring on a weekly, bi-weekly, semi-monthly or monthly basis.

Detailed explanation-4: -A pay period is a recurring length of time over which employee time is recorded and paid for. Examples of pay periods are weekly, biweekly, semimonthly, and monthly. Weekly: A weekly pay period results in 52 paychecks in a year. Hourly employees are often paid weekly.

Detailed explanation-5: -What is a pay period end date? The pay period end date determines the end of a pay period. For example, for a semimonthly pay period, the end date would be the first and 15th of each month. Pay period end dates can be confusing for certain types of pay periods if the pay date overlaps with the next pay period.

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