Asked by

Mohit bhatt
on Nov 15, 2024

verifed

Verified

The individual employee earnings record provides a summary of the following for a single employee, except:

A) hours.
B) withholding taxes.
C) net pay.
D) allowances.

Withholding Taxes

Taxes that employers deduct from employees' wages and pay directly to the government as a part of income tax obligations.

Net Pay

The amount of money an employee receives after all deductions, such as taxes and retirement contributions, have been subtracted from their gross pay.

Allowances

Reductions from the list price of goods or services, granted for various reasons such as defects or customer dissatisfaction.

  • Comprehend the functions and details of documents related to payroll.
verifed

Verified Answer

EB
edwin BrionesNov 19, 2024
Final Answer:
Get Full Answer