Answer the following statements true (T) or false (F)
1) To compute the hourly rate for an employee with a 40-hour standard workweek, you would divide the annual salary by 2,080.
2) Piece-rate pay is used for employees who participate materially in the sale of manufacturing components.
3) The hundredth-hour system promotes more accuracy in employee time collection than the quarter-hour system.
4) The payroll register is a confidential company document.
5) To rule the payroll register means that the payroll accountant establishes procedures about the payroll register.
1)TRUE
2)FALSE
3)TRUE
4)TRUE
5)FALSE
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Fill in the blanks with correct word