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Accounting

27th Edition
WARREN + 5 others
ISBN: 9781337272094

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BuyFindarrow_forward

Accounting

27th Edition
WARREN + 5 others
ISBN: 9781337272094
Textbook Problem

In a payroll system, what types of input data are referred to as (a) constants and (b) variables?

A.

To determine

Payroll: The total payment that a company is required to pay to its employee for the services received is called as payroll.

Payroll system: A system or schedule which is maintained by the company to record the earnings, earnings withholdings, and net pay of each employee is referred to as payroll system.

To list: The types of input data that are referred to as constants.

Explanation

The data that remain unchanged from payroll to payroll are referred to as constants data. The list of such input constants data are as given below:

B.

To determine

To list: The types of input data that are referred to as variable.

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