14-4 Processing a Payroll Run

What is commonly referred to as a/an when employers perform their regularly scheduled calculations necessary to pay their employees?

• Salary run

• Wage run

• Payroll run

• Total Points

Which of the following is NOT a part of the payroll process?

• Calculate employee earnings

• Onboard new employees

• Remit income taxes to the government

• Make the proper withholdings

What is the term for a report that summarizes the total earnings, deductions, and net pay for all employees in a single payroll period?

• Payroll register

• Payroll run

• Pay stub

• Total Points

What is a payroll register primarily used for?

• To record employee attendance

• To summarize total earnings, deductions, and net pay for all employees in a payroll period

• To track stock inventory

• To manage customer transactions

What is the purpose of a voucher check in the context of payroll?

• To provide a detailed report of employee performance

• To serve as a receipt for customer purchases

• To outline an employee's total earnings and deductions with a detachable summary for transaction

• To track business expenses only

Which of the following is not typically included in a payroll register?

• Employee earnings

• Payroll journal entry

• Employee deductions

• Net pay

What is a pay stub?

• A document for tracking work hours only

• A detailed invoice for client transactions

• A summary of an employee's earnings and deductions for pay periods

• A legal contract between employer and employee

A check with a detachable summary of the transaction attached is called:

• Blank check

• Paycheck

• Pay stub

• Voucher check