When Preparing a Payroll Journal Entry for a Salaried Employee

question 23

Multiple Choice

When preparing a payroll journal entry for a salaried employee you must -

• A) record the regular hours worked to determine the salary amount
• B) show the hours worked during the period for EI purposes
• C) show the hours worked during the period for CPP purposes
• D) show the hours worked during the period for WCB (or WSIB) purposes

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Definitions:

Monitoring System

A tool or set of tools designed to track performance, activities, or conditions for the purpose of detecting changes or managing control.

Factory Inspections

Reviews conducted in manufacturing facilities to ensure compliance with safety standards, labor laws, and quality control measures.

Supplier Factories

Manufacturing facilities that produce goods or components for other companies, under contract or agreement.

Self-Serving Bias

The common human tendency to attribute positive events to one's own character but attribute negative events to external factors.