Accounting for Employee Compensation: Payroll, Leave & Bonuses

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Robert received his payslip for the month of May 2017 and the following are mentioned:

Salary: $2500

Production Bonus: $100

Sick days: $150

Income tax: $500

Which of the following is NOT a type of compensation?

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1. How is an indirect employee different from a direct employee?

2. The salaries or wages of _____ employees are often grouped under overhead expenses for a business.

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About This Quiz & Worksheet

Assess what you understand about employee compensation accounting with this worksheet and attached quiz. The quiz will address how this method is applied and what it means for employees.

Quiz & Worksheet Goals

These assessment tools will get you to:

  • Identify types of compensation
  • Determine what type of an employee a factory worker who assembles a product is
  • Name the type of employee of which is a sales person
  • Assess the type of an overhead expense for a business that is an employee with a salary or wage
  • Understand when sick days be accounted for

Skills Practiced

Use these assessment tools to practice the following skills for studying:

  • Interpreting information - verify that you can read information regarding when sick days should be accounted for and interpret it correctly
  • Distinguishing differences - compare and contrast topics from the lesson, such as sales employees and employees who assemble products
  • Knowledge application - use your knowledge to answer questions about employee compensation management

Additional Learning

Use the lesson called Accounting for Employee Compensation: Payroll, Leave & Bonuses for additional knowledge. The lesson will adhere to the following points of study:

  • Define compensation
  • Assess the salaries and wages of employees and how they are earned
  • Recognize how bonuses and benefits are incorporated into an employee's compensation
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