Question 1
The computer file used for recording payroll transactions for each employee and maintaining total wages paid for the year to date is the
◦ payroll transaction file.
◦ payroll master file.
◦ payroll bank account reconciliation.
◦ payroll tax returns.
Question 2
The payroll and personnel cycle ends with which of the following events?
◦ interviewing job candidates
◦ hiring a new employee
◦ existing employees submitting requests for payment for work performed
◦ issuance of paychecks