5 Questions
Which of the following is included in payroll?
Employee benefits
Which term refers to all remuneration for services performed by an employee for their employer?
Compensation
What is the purpose of the Wage Rationalization Act?
To fix the minimum wages for different sectors
Is withholding tax required on the Statutory Minimum Wage (SMW) of a Minimum Wage earner?
No
What does the term 'payroll' encompass?
Employee compensation
Test your knowledge of payroll terminology and concepts with this quiz! From employee compensation to performance bonuses, this quiz covers it all. Challenge yourself and see how well you understand the ins and outs of payroll.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
