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Payroll

What is the purpose of a time card?

To track employee hours worked per payroll period

To calculate employee tax withholding

To calculate bonuses

To determine employee tax exemptions

Answer:
To track employee hours worked per payroll period

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More Payroll MCQ Questions

What is the purpose of Form 940?

The term "withholding allowance" refers to ______________.

For an employee, which of the following is a benefit of using direct deposit?

For an employer, which of the following is a disadvantage of using direct deposit?

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

Which tax can you elect to be paid for in advance in your check if you qualify?

A employee garnishment is usually taken out of an employee's check when?

What two accounting records are payroll typically recorded to?

What type of tax return is used to file employee deducted and employer matched payroll taxes at the end of a quarter?

When accounting for taxes payable, how are they listed?