Which of the Following Statements About Payroll Is Correct

question 22

Multiple Choice

Which of the following statements about payroll is correct?

• A)Payroll deductions are an expense of the company.
• B)When recording the payroll,Salaries and Wages Expense equals the sum of all the deductions.
• C)The net pay is debited to Salaries and Wages Expense when the payroll is recorded.
• D)Gross earnings are computed by multiplying the time worked by the pay rate promised by the employer.

---

Definitions:

Business Plan

A detailed document that outlines the goals of a business, the strategy for achieving them, and the time frame, as well as providing a detailed plan for its financials, management, and operations.

Stakeholder Groups

Collections of individuals or organizations with an interest or stake in a particular business or project.

CSR Programs

Corporate Social Responsibility programs are initiatives by businesses to conduct their operations in an ethical manner, focusing on social, environmental, and economic responsibilities.

Quantitative Measurements

Data that can be counted or measured numerically, often used for statistical analysis and comparison.