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College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756

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BuyFindarrow_forward

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756
Textbook Problem

A separate record of each employee’s earnings is called a(n)

  1. (a) payroll register.
  2. (b) employee earnings record.
  3. (c) W-4.
  4. (d) earnings statement.

To determine

 Identify the option that correctly explains the given statement.

Explanation

Justification for the incorrect answer:

Option a:

Payroll register is a form that is used by an employer to gather information on earnings, taxable earnings, deductions and net pay of each employee at the end of the each payroll period.

Option c:

W-4 is Internal Revenue Service form that determines the amount of earnings that are subject to withholdings. W- 4 are furnished by the employee and they are given to the employer for them to know about the money that is to be withheld from the employee paycheck for federal taxes.

Option d:

Earnings statement contains detailed information of the employee earnings...

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