Please provide a step by step solution

4)Net pay is the net amount:

Select one:

a.The gross amount less the net amount.

b.Received by the employee.

c.Received by the employer.

d.Received by the employee less additional amounts payable by the employer.

5)What is the entry to record salaries paid to employees and payroll deductions payable?

Select one:

a.Debit salaries expense, credit prepaid salaries.

b.Debit salaries payable, credit cash.

c.Debit salaries expense, credit various payroll liability accounts and credit cash.

d.Debit various payroll liability accounts, credit accounts payable.

6)What is the term for having a separate bank account set aside just for payroll?

Select one:

a.A savings account

b.A payroll account

c.A chequing account

d.An imprest account

7)An employee earns $32,500 per year. What is their weekly gross pay?

Select one:

a.$2,708.33

b.$625.00

c.$1,354.17

d.$1,250.00

8)True or False: The gross pay shown on a pay stub is the amount deposited into an employee's bank account.

Select one:

True

False

9) The netpay is computed as follow

Select one:

a.Payroll deductions Gross pay = Net pay

b.Gross pay + Payroll deductions = Net pay

c.Gross pay Payroll deductions = Net pay

d.Gross pay - Payroll deductions = Net pay

10) Employer payroll contributions, as required by the government, are additional expenses to the business.

Select one:

True

False