Which one of the following statements about payroll is incorrect

Question

Which one of the following statements about payroll is incorrect -
A)you must record an hourly rate,salary or commission to process a paycheque
B)the program calculates EI,CPP and Income Tax based on federal tax tables
C)you must enter amounts for RRSP and Medical manually in the payroll journals
D)the payroll ledgers do not have a single control account

Quizplus · Accepted Answer

In most payroll programs, RRSP and Medical amounts can be set up as deductions or contributions that are automatically calculated and deducted from the employee's paycheque. Therefore, it is not necessary to manually enter these amounts in the payroll journals.