PAYROLL ACCOUNTING FINAL EXAM STUDY GUIDE PART 1 EXAM QUESTIONS AND ANSWERS 100% CORRECT!!!

PAYROLL ACCOUNTING FINAL EXAM STUDY
GUIDE PART 1 EXAM QUESTIONS AND
ANSWERS 100% CORRECT!!!

, The ________ is a multicolumn form used to assemble and summarize the data needed
at the end of each payroll period.
payroll register
employee's earnings record
employee history record
personnel record - ANSWER Payroll Register

The information provided in the payroll register is used primarily to meet the
requirements of the Fair Labor Standards Act.
True
False - ANSWER True

The payroll register lists all the employees who earned remuneration, the amount of
remuneration, the deductions, and the net amount paid.
True
False - ANSWER True

Which of the following is true of an employee's earnings record?

- It maintains year to date information prior to the information recorded on payroll
register.

- It maintains a payroll record for each employee separately.

- It provides the information needed to prepare periodic reports required by the Fair
Credit Reporting Act.

- It lists all the employees who earned remuneration, the amount of remuneration, the
deductions, and the net amount paid. - ANSWER It maintains a payroll record for each
employee separately.

Employers use the employee's earnings record in preparing ________.
- Form 5500
- Form 1095-C
- Form W-2
- Form W-4 - ANSWER Form W-2