Reference no: EM133180919
1. Why is it important for payroll accounting purposes to distinguish between an employee and an independent contractor?
2. Name three major categories of deductions from an employee's gross pay.
3. Identify the four factors that determine the amount of federal income tax that is withheld from an employee's pay each pay period.
4. In general, an employee is entitled to withholding allowances for what purposes?
5. Identify the three payroll records usually needed by an employer.
6. Describe the information contained in the payroll register.
7. Why is it important to total and verify the totals of the payroll registration after the data for each employee has been entered.
8. Distinguish between the payroll register and the employee earnings record.
9. Explain what an employer does the amounts withheld from an employee's pay.
10. Explain why payroll processing centers and electronic systems are commonly used in payroll accounting.