The major source document which enables an employer to calculate the employee wages is the

Assessment: JAMB UTME - Principles of Accounts - 2013 Subject: Financial Accounting

Question 1 Report

The major source document which enables an employer to calculate the employee wages is the
Answer Details
The major source document that enables an employer to calculate employee wages is the "record of number of hours worked." This record is a document that tracks the number of hours each employee has worked during a specific pay period. It typically includes information such as the employee's name, date of hire, hourly rate, and the number of hours worked each day. By using this record, the employer can accurately calculate each employee's gross pay, which is the total amount of money earned before any deductions are taken out. The employer can then subtract any applicable deductions, such as taxes or insurance premiums, to arrive at the employee's net pay, which is the amount of money the employee will receive on their paycheck. Overall, the record of number of hours worked is a crucial document that allows employers to accurately calculate and pay their employees' wages.

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