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Accounting Chapter 12 - Payroll Accounting Exam Actual Questions and Answers 2026.docx

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Accounting Chapter 12 - Payroll Accounting Exam Actual Questions and Answers

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Accounting Chapter 12 - Payroll
Accounting Exam Actual Questions and
Answers 2026
payroll -
correct answer ✅list of employees and the payments due to each
employee for a specific pay period


pay period -
correct answer ✅the amount of time over which an employee is
paid


payroll clerk -
correct answer ✅responsible for preparing the payroll


gross earnings -
correct answer ✅total amount of money an employee earns in a
pay period


salary -
correct answer ✅fixed amount of money paid to an employee for
each pay period

, Accounting Chapter 12 - Payroll
Accounting Exam Actual Questions and
Answers 2026
wage -
correct answer ✅amount of money paid to an employee at a
specified rate per hour worked


time card -
correct answer ✅record of the times an employee arrives and
leaves work each day


electronic badge readers -
correct answer ✅computer technology to track an employee
arrival and departure times


comission -
correct answer ✅an amount paid to an employee based on a
percentage of the employee's sales


overtime rate -
correct answer ✅1.5 times the employee's regular hourly pay rate


deduction -
correct answer ✅an amount that is subtracted from gross earnings

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