Assume You Are Working with a Payroll Application That Produces

question 45

Essay

Assume you are working with a payroll application that produces weekly paychecks, including paystubs.Listed below are 20 data elements that appear on the paycheck/paystub. Required:
For each numbered item, indicate the immediate (versus ultimate) source of the item.For instance, the immediate source of the number of exemptions for an employee would be the employee master file as opposed to the ultimate source which is the W-4 form filed by the employee.Some items may have more than one source, as in the case of item 1.You have the following choices:
Arrange your answer as follows:

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Definitions:

Federal Spending

Expenditures by the federal government on programs, services, and operations, including everything from military funding to social security benefits.

Income in Taxes

refers to the portion of individuals' or businesses' earnings that is paid to the government as tax.

Corporate Income Taxes

Taxes imposed on the income or profit of corporations by the government.

Revenue

The combined income stemming from a firm's core operations through selling products or offering services.