Which of the Following Statements Is True

question 6

Multiple Choice

Which of the following statements is true?

• A)Married employees can share a payroll record.
• B)Payroll and personnel records should be kept in the same file.
• C)Personnel records are confidential.
• D)A copy of the employee's social security card can be kept in the employee's personnel record.

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Definitions:

Taxable Income

The amount of an individual's or a corporation's income used to determine how much tax is owed to the government.

Withholding Allowance

A tax term referring to an exemption that reduces how much income tax an employer deducts from an employee's paycheck.

Monthly Salary

Regular payment from an employer to an employee, typically provided once a month, for the services rendered by the employee.

Withholding Allowance

A reduction in the amount of income tax withheld from an individual's paycheck, determined by the number of allowances claimed on tax forms.