Which of the Following Columns Is Typically Included in a Payroll

question 28

Multiple Choice

Which of the following columns is typically included in a payroll register?

• A) Direct Labor Hours Worked
• B) Warranties Payable
• C) Current Period Earnings
• D) Sales Tax

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Definitions:

Compound-interest

Interest computed on both the original sum invested or loaned, as well as on the interest that has been added to this principal amount over earlier periods.

GIC

A Guaranteed Investment Certificate, a Canadian investment that offers a guaranteed rate of return over a fixed period.

Investment

The allocation of resources, such as time, money, or effort, in hope of generating a future benefit or profit.

Strip Bond

A debt security that has had its main components, namely the coupon and the principal, separated to be sold individually as zero-coupon bonds.