Earnings and deductions are also called?

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $24.99Unlock all

Prepare for the Workday Pro Payroll Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready to ace your exam!

Multiple Choice

Earnings and deductions are also called?

Explanation:
Earnings and deductions are grouped under pay components in payroll terminology. Pay components are the building blocks used to calculate an employee’s pay, including amounts that increase gross pay (earnings) and amounts that decrease it (deductions). Treating both as part of the same category makes sense because they are the elements that the payroll system combines to determine the final take-home pay. The other options describe the actual payment, a description of the two types, or the result of the calculation, but they don’t name the collective category used for these elements.

Earnings and deductions are grouped under pay components in payroll terminology. Pay components are the building blocks used to calculate an employee’s pay, including amounts that increase gross pay (earnings) and amounts that decrease it (deductions). Treating both as part of the same category makes sense because they are the elements that the payroll system combines to determine the final take-home pay. The other options describe the actual payment, a description of the two types, or the result of the calculation, but they don’t name the collective category used for these elements.

More Multiple Choice Questions
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy