A file recording payroll transactions for each employee and maintaining total wages paid for year to date is the:
A) summary payroll report.
B) payroll master file.
C) deduction authorisation form.
D) rate authorisation form.

Question

Quizplus · Accepted Answer

The payroll master file maintains individual payroll records for each employee, including information on wages, taxes, and deductions, as well as total wages paid for the year-to-date. A summary payroll report is a summary of payroll transactions for a given period, usually prepared for management. A deduction authorization form is a document that authorizes payroll deductions for employee benefits or other purposes. A rate authorization form validates changes in employee pay rates.

A File Recording Payroll Transactions for Each Employee and Maintaining