The fourth step in the payroll cycle is preparing payroll.Pay rate information is needed in order to complete this task.The pay rate information is accessed by the system from __________.
A)the employees' personnel files
B)the employee subsidiary ledger
C)the payroll master file
D)electronic time cards

Question

Quizplus · Accepted Answer

The pay rate information is stored in the payroll master file, which is accessed by the system to prepare payroll. Option A is incorrect because personnel files generally contain employee information such as name, address, contact details, work history, and performance reviews, but not necessarily pay rate information. Option B is incorrect because the employee subsidiary ledger usually contains information on individual employee accounts, such as vacation days, sick leave, or personal time off, but not pay rate information. Option D is incorrect because electronic time cards contain information on the hours worked by an employee, but not necessarily the pay rate information.

The Fourth Step in the Payroll Cycle Is Preparing Payroll