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Exam (elaborations)
Chapter 8: Payroll Accounting
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2
May 2025
2024/2025
A+
direct deposit - correct answer A payroll method in which the employee does not handle the paycheck;
payment is made by the employer directly to the employee's bank using EFT.
electronic system - correct answer A computer system based on a software package that performs all
payroll record keeping and prepares payroll checks.
employee earnings record - correct answer A separate record of each employee's earnings.
FICA taxes - correct answer Payroll taxes withheld to provide Social...
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