The foundation of internal control over payroll is a. Paying the correct amount of payroll tax b.

Question:

The foundation of internal control over payroll is

a. Paying the correct amount of payroll tax

b. Separating payroll duties

c. Filing government tax forms on time

d. Accurately computing gross pay, deductions, and net pay

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting

ISBN: 9780132439602

7th Edition

Authors: Charles T. Horngren, Walter T. Harrison

See More Books

Question Posted: May 10, 2024 07:00 AM

See More Questions

Start of Payroll Project 7-3a October 9, 20-- No. 1 The first payroll in October covered the two workweeks that ended on September 26 and October 3. This payroll transaction has been entered for you...
The first payroll in October covered the two workweeks that ended on September 26 and October 3. This payroll transaction has been entered for you in the payroll register, the employees' earnings...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
What is the purpose of using case and case type in the process identification stage?
It takes longer to hard-boil an egg in Mexico City (2200 m above sea level) than it does in Amsterdam (parts of which are below sea level). Why? At higher altitudes, water boils at less than 100C.]
The gusset is riveted to a larger plate by four 22-mm rivets arranged and loaded as shown. Which of the following most nearly gives the direct load on each rivet in kN. A. 8 B. 15 C. 12 D. 10 Which...
Beth Plum is a realtor. She organized her business as a corporation, Beth Plum, Realtor, P.C., by investing $$23,000$ cash. The business issued common stock to her. Consider the following facts at...
Bernard Flinn operated a business known as Harvey Investment Co., Inc./High Risk Loans. Flinn worked as a loan broker, matching those who came to him with lenders willing to loan them money given...
Ventaz Corp manufactures small windows for back yard sheds.Historically, its demand has ranged from 30 to 50 windows per day with an average of 41. Alex is the one production worker and he works...
What two methods can be used to measure variation in a population?
The document that an employer gives each employee at the end of the year to report annual earnings and taxes paid is the a. Form W-2 b. Form W-4 c. Payroll record d. Form 941
Discuss how existing, latent, and incipient demand differ. How might these differences affect the design of a marketing research project?
You are trying to prepare fi nancial statements for Bartlett Pickle Company, but seem to be missing its balance sheet. You have Bartlett s income statement, which shows sales last year were $ 5 2 0...
What should local law enforcement agencies be doing to build trust within underserved communities that often underreport crimes? Consider how advising victims of their rights and resources is a part...
Fighting Irish Incorporated pays its employees $ 5 , 1 8 0 every two weeks ( $ 3 7 0 / day ) . The current two - week pay period ends on December 2 8 , 2 0 2 4 , and employees are paid $ 5 , 1 8 0 ....
Suppose that Target realizes a loss of $9,000 on a cash sale of office equipment having a book value of $90,000. The total amount reported in the cash flows from investing activities section of the...
Please need help show clear work thank you... Why is building trust across cross cultural teams so difficult? What are the roadblocks to achieving trust? Secondly, is building trust across cross...
A steel bottle V = 0.1 m3 contains R-134a at 20C, 200 kPa. It is placed in a deep freezer where it is cooled to -20C. The deep freezer sits in a room with ambient temperature of 20C and has an inside...
Which of the companies has the lowest accounts receivable turnover in the year 20X2? a. Company A. b. Company B. c. Company C. d. CompanyD. 20X1 20X2 Credit Sales Average Receivables Balance $1.0...

The foundation of internal control over payroll is a. Paying the correct amount of payroll tax b.

Question:

Step by Step Answer:

Accounting

Students also viewed these Business questions