WorksheetsPayroll 1
Total questions: 9
Worksheet time: 5mins
Which of the following statements about payroll is correct?
Payroll only involves recording salary expenses after payment has been made.
Payroll policies do not need management approval as long as they are well-defined.
Payroll starts with preparing a list of employees to be paid and ends with recording expenses.
The HR department has no role in ensuring payroll policies are followed.
Who is primarily responsible for ensuring payroll policies are followed and timelines are met?
The finance department
The marketing department
The human resources (HR) department
The employees themselves
Which of the following is NOT typically included in a company’s payroll policies?
Investment policy
Attendance policy
Pay policy
Employee benefits policy
Why must payroll policies be approved by management
To reduce employee salaries
To ensure standard payroll execution
To eliminate the need for timelines
To transfer responsibilities from HR to finance
The first stage for preparing payroll is
Actual payroll process
Pre payroll activities
Post payroll process
None of the above
Which of the following is a source of payroll data?
Employee details and employment contracts
Sales report
Customer list
Marketing strategy
Employee bank account details are needed in payroll to:
Record employee attendance
Transfer salary payments
Calculate overtime hours
Prepare employment contracts
During the pre-payroll stage, payroll data should be reviewed to ensure it is
Expensive and detailed
Private and confidential
Accurate and complete
Approved by customers
Comparing payroll data from different sources helps to ensure that the information is:
Fast and easy
Private and secure
Approved by employees
Consistent and accurate
