Asked by Proselyte Da Kid on Jun 24, 2024
Verified
Which of the following pertains to a payroll register?
A) It is a completed account of federal income tax deposits
B) It is used to pay taxes to appropriate government agencies
C) It summarizes information about all employees and their earnings
D) It requires employers to pay a percentage of each employee's income
E) It accompanies the practice's quarterly returns to summarize tax withheld
Payroll Register
A document that records details about employees' pay for each pay period, including gross salary, deductions, and net salary.
Federal Income Tax
A tax levied by the IRS on the annual earnings of individuals, corporations, trusts, and other legal entities.
Quarterly Returns
Financial reports generated every three months by companies to provide insights into their financial health, performance, and operational activities.
- Learn the specifics of payroll documentation and the legal directives governing employee compensation and taxation.
Verified Answer
Learning Objectives
- Learn the specifics of payroll documentation and the legal directives governing employee compensation and taxation.
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