The employee's earnings record provides information for each of the following except :
A) completing Forms W-2.
B) completing the journal entry to record the payroll.
C) determining when the accumulated wages of an employee reach cutoff levels.
D) preparing reports required by state unemployment compensation laws.
E) preparing the payroll register.

Question

Quizplus · Accepted Answer

The employee's earnings record provides information for completing Forms W-2, determining when the accumulated wages of an employee reach cutoff levels, preparing reports required by state unemployment compensation laws, and preparing the payroll register. However, it does not provide information for completing the journal entry to record the payroll. This information is typically obtained from other sources, such as timesheets or pay rate information.

The Employee's Earnings Record Provides Information for Each of the Following