Pay rate information should be stored in
A)employees' personnel files.
B)employee subsidiary ledgers.
C)the payroll master file.
D)electronic time cards.

Question

Quizplus · Accepted Answer

Pay rate information should be stored in the payroll master file, which is a centralized database that contains all the necessary information to calculate and process employee payroll. Storing pay rate information in employees' personnel files or electronic time cards can create redundancy and inconsistency in the data, while employee subsidiary ledgers may only contain information about specific aspects of employee compensation and not the overall pay rate. Therefore, the payroll master file is the best choice for storing pay rate information.

Pay Rate Information Should Be Stored in