The computer file used for recording payroll transactions for each employee and maintaining total wages paid for the year to date is the
A) payroll transaction file.
B) payroll master file.
C) payroll bank account reconciliation.
D) payroll tax returns.

Question

Quizplus · Accepted Answer

The payroll master file is used to record payroll transactions for each employee and maintain total wages paid for the year to date. The payroll transaction file typically includes individual payroll records for each pay period, while the payroll master file includes cumulative information for each employee over the course of the year. The other options listed (payroll bank account reconciliation and payroll tax returns) are related to payroll, but do not specifically refer to the file used for recording payroll transactions.

The Computer File Used for Recording Payroll Transactions for Each