Have an account?
Skip to Content
Build your own quiz
Suggestions for you
8 questions
Show Answers
See Preview
- 1. Multiple ChoiceWhich of the following is generally not a major source of input to a payroll system?Payroll rate changes.Time and attendance data.Checks to insurance and benefits providers.Withholdings and deduction requests from employees.
- 2. Multiple ChoiceExperts estimate that, on average, the costs associated with replacing an employee are about ________ the employee's annual salary.0.5 time1 time1.5 times2 times
- 3. Multiple ChoiceWhich type of payroll report contains information such as the employees' gross pay, payroll deductions, and net pay in a multicolumn format?Payroll register.Deduction register.Employee earnings statement.Federal W-4 form.
- 4. Multiple ChoiceInvolving accountants in executive compensation plans is often especially helpfulin keeping track of the executive compensation plan.in identifying the appropriate metrics to use when linking compensation to performance.in reducing the total amount of compensation paid to executives.in suggesting the appropriate amount of compensation executives should be paid.
- 5. Multiple ChoiceWhy is a separate payroll account used to clear payroll checks?For internal control purposes, to help limit any exposure to loss by the company.To make bank reconciliation easier.To separate payroll and expense checks.All of the above are correct.
- 6. Multiple ChoiceThe average annual management salary at Iyov Management is $100,000. If the average turnover rate for employees is six per year, what is the approximate average annual cost of turnover?$100,000$400,000$600,000$900,000
- 7. Multiple ChoiceA report of income paid to independent contractors is calledform W-2.form W-3.form 1099-Misc.form 941.
- 8. Multiple ChoiceA report of wages and withholdings for each employee is calledform W-2.form W-3.form 1099-Misc.form 941.
- Answer choicesTagsAnswer choicesTags