More costly than manually preparing payroll

Employees will be laid off since the automated system requires less labor

Employees need a degree in accounting to be able to process payroll

Assets + Liabilities = Equity

Assets + Equity = Liabilities

Assets = Liabilities + Equity

a payroll record for each employee listing the gross wages, deductions, net pay, and cumulative earnings

a record sent to the IRS at year end detailing an employee's earnings

a weekly report sent to employees with their paychecks

a compensation plan in which the employee earns a percentage of sales.

a compensation plan in which employees are paid based on units produced

an agreement to pay an employee a set amount, regardless of hours worked

Having the company CFO review all financial reports

Putting employee pay stubs and/or checks in sealed envelopes

Paying employees for the hours they report without review

insurance paid by employers to cover on-the-job accidents only

insurance paid by employers and employees for protection of the employees against loss of wages due to non-job-related accidents

municipal-issued insurance

the policy of not hiring willing child employees

the employment of any child under the age of sixteen

paying a child for more than 40 hours a week

a form used to claim allowances for the purpose of requesting the withholding of an additional amount or of claiming an exempt status

a form independent contractors must file with the employer

the same as Form 941

termination pay

extra compensation paid for services over and above those normally performed

regular pay for 40 hours per week

evidence of a sequence of transactions that allows anyone to trace a transaction back through the accounting system

a written ledger of all checks written

a report auditors provide post-audit