Economics · Payroll Systems
Which one of the following is classified as standing data (master data) used when processing monthly payroll?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A one-off deduction from the salary of an employee
- 2Standard salary rates of pay✓
- 3Bonus payment awarded to selected employees
- 4Overtime hours worked by an employee
Correct answer
Standard salary rates of pay
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