1. Give examples of optional withholdings from a paycheck.

2. Which element of a payroll system would provide the following in each separate scenario below?

1. It keeps a running total of an employee’s history, including deductions and wage earnings.

2. A manager of a business would like to review various data for the previous payroll period, including hours worked, overtime earnings, check numbers, and various taxes withheld. Which element of the payroll system would the manager use to review this data?

3. What is the journal entry to record payment of the period’s payroll?

Answer rating: 100% (QA)

1 Optional withholding from pay check Payroll Deductions on a Discretionary Basis Unless an employee allows a voluntary payroll deduction the deductio... View the full answer