Payroll

The term "wage bracket method for withholding taxes" refers to ______________.

a program used to process payroll

a company's policy on wage rates

minimum wage rates

a federal income tax withholding method that takes into account gross earnings, payroll period, marital status, and number of withholding allowances

Answer:
a federal income tax withholding method that takes into account gross earnings, payroll period, marital status, and number of withholding allowances

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More Payroll MCQ Questions

Payroll system software can be hosted _____________.

What is the purpose of auditing payroll ?

The term "direct deposit" refers to ______________.

At ABC School, the current salary schedule for custodians is as follows:

Step 1: $12.47

Step 2: $13.09

Step 3: $13.75

Step 4: $14.44

Step 5: $15.16

Employees are moved to the next step on the salary schedule annually. Wages for the year have increased 2.25% from the previous school year. Employee C was paid on Step 2 for the previous school year.

Given the above schedule, what is Employee C's pay rate for the current school year?