Which of the following controls would be most effective in detecting this problem prior to distributing the paychecks?
Which of the following controls would be most effective in detecting this problem prior to distributing the paychecks?
Chapter2: Income Tax Concepts
Section: Chapter Questions
Problem 48P
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Question
Choose only one answer as well as state their reasons/rationale for the answer chosen.
1) An employee who is paid a salary of $50,000 submitted a request to deduct $50 per paycheck in voluntary deductions to a pension plan. The next weekly paycheck was for a net amount of $50. The employee was furious. Which of the following controls would be most effective in detecting this problem prior to distributing the paychecks?
a. Financial total
b. Size check
c. Limit check
d. Reasonableness test
e. Record count
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