The Payroll Register Contains ________

question 1

Multiple Choice

The payroll register contains ________.

• A) the beginning and ending dates of the pay period
• B) the total gross pay, deductions, and net pay during the period
• C) the name of the firm and the payroll accountant
• D) the employee's name, social security number, and address

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Definitions:

Long-Lived Assets

Assets with a useful life extending beyond one year, used in the operation of a business, such as equipment or buildings.

Allocated To Expense

A method of assigning or distributing costs among various accounts or periods as expenses.

Net Income

The net earnings of a business following the subtraction of all costs and taxes from the gross income.