The Fourth Step in the Payroll Cycle Is Preparing Payroll

question 32

Multiple Choice

The fourth step in the payroll cycle is preparing payroll.Pay rate information is needed in order to complete this task.The pay rate information is accessed by the system from __________.

• A)the employees' personnel files
• B)the employee subsidiary ledger
• C)the payroll master file
• D)electronic time cards

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Definitions:

Excise Tax

A tax paid on specific goods and services, such as tobacco and gasoline, usually levied at the point of manufacture or sale.

Tax Revenue

The revenue governments obtain from imposing taxes.

Excise Tax

An indirect tax charged on the sale of a particular good.

Music Downloads

The act of transferring music files from the internet to a computer or device for offline listening.