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16-11-2022
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which of the following is not a component of the initial journal entry to record payroll? multiple choice a credit to employee income tax payable a credit to salaries and wages expense a credit to social security tax payable a credit to salaries and wages payable

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ogorwyne ogorwyne

22-11-2022

Option D. A credit to salaries and wages payable is not a component of the initial journal entry to record payroll.

What is a record payroll?

Payroll records are the collection of payroll-related paperwork that companies are required to keep on file for each employee. This covers pay scales, overall remuneration, tax deductions, number of hours worked, and more.

Each employee has a pay record that includes information about their basic employment details, employment connection, tax card information, amounts paid in wages, allowances, and income taxes. Information from the salary slips' daily and mileage allowances is included in the salary record.

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