12-3 & 12-4 Guided Notes

True or False. The purpose of the payroll system is to maintain information on each employee to be able to calculate the company's payroll and make the necessary payments to each employee.

A report that usually includes information for the current pay period as well as cumulative amounts for the year.

A form used to track each employee's pay history.

Which of the following are financial performance ratios? (Check all that apply)

Which of the following is NOT one of the three steps in financial decision-making?