Asked by
Mohit bhatt
on Nov 15, 2024Verified
The individual employee earnings record provides a summary of the following for a single employee, except:
A) hours.
B) withholding taxes.
C) net pay.
D) allowances.
Withholding Taxes
Taxes that employers deduct from employees' wages and pay directly to the government as a part of income tax obligations.
Net Pay
The amount of money an employee receives after all deductions, such as taxes and retirement contributions, have been subtracted from their gross pay.
Allowances
Reductions from the list price of goods or services, granted for various reasons such as defects or customer dissatisfaction.
- Comprehend the functions and details of documents related to payroll.
Verified Answer
EB
Learning Objectives
- Comprehend the functions and details of documents related to payroll.