What is the connection between the employees answer. Single click earnings recor

Question

What is the connection between the employees answer. Single click earnings records and payroll tax reporting? (You may select more than one the box with the question mark to produce a check mark for a correct answer and double click the box box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) eamings records contain details of payroll tax reporting and may be considered as source documents 2 Employees' eanings records contain year to-date gross pay which reflects when employees reach tax bases. 2 Employees' eamings records do not connect with payroll tax reporting. 2 Employees' earnings records may be use to ensure the accuracy of payroll tax reporting

Explanation / Answer

Correct answer is the 2. employees earning records contain year to date gross pay which reflects when employees reach tax bases.

Employees earning record means the record which is prepared for the basic periodic crieteria and it include all the information which is employee earning during the job. employee earnings report is a record that details an employee’s payroll history. These reports often have columns totaling how many employee hours were worked, their net pay, gross pay, deductions from payroll, and other year-to-date payroll information.

Employees earnings records and payroll tax reporting is the things which is corelated with each other means payroll tax recording is as per the employee earning record. Payrolll tax report is prepare as per information provided in employee earning master or earning record. Many times employers also report payroll taxes on employee earnings reports like FICA, FUTA, SUTA taxes.

Employer keeep this employee earning and payroll record . When business earn the profit and pay the tax liabilities like when employee earn and gain the income they also liable to pay the tax on this earning. each employee is liable to pay the tax as per their salary and income.

It is legal requirement to keep payroll record of their employees.it contain following informations.

In short all the monetary benefits received to the employees which recorded and it show the income and calculation of taxes

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