Which one of the following statements aboutpayroll is incorrect – *a. you must record an hourly rate, salary orcommission to process a paychequeb. the program calculates EI, CPP and IncomeTax based on federal tax tablesC. you must enter amounts for RRSP andMedical manually in the payroll journalsd. the payroll ledgers do not have a singlecontrol account

ANSWER - A payroll register is a record of all pay details for employees during a specific pay…

Which one of the following statements about payroll is incorrect – * a. you must record an hourly rate, salary or commission to process a paycheque b. the program calculates El, CPP and Income Tax based on federal tax tables c. you must enter amounts for RRSP and Medical manually in the payroll journals d. the payroll ledgers do not have a single control account

Which one of the following statements about payroll is incorrect – * a. you must record an hourly rate, salary or commission to process a paycheque b. the program calculates El, CPP and Income Tax based on federal tax tables c. you must enter amounts for RRSP and Medical manually in the payroll journals d. the payroll ledgers do not have a single control account

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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