What business form is used to record details of an employee's earnings and deductions?

The employee earnings record serves as a vital document that captures a comprehensive summary of an employee’s earnings and deductions throughout a specific pay period. This record includes detailed information such as gross pay, net pay, various deductions (like taxes and contributions to retirement plans), and any other relevant earnings information. This ensures accurate tracking of an individual's financial history within the organization and provides a clear basis for issuing paychecks or direct deposits.

In comparison, while other options like the payroll register may provide an overview of all employees’ earnings for a particular payroll cycle, it does not typically offer the same level of detailed information on an individual employee’s earnings and deductions as the employee earnings record does. Similarly, a salary statement often refers to the document provided to employees showing their pay for a specific period, but it generally does not serve as a comprehensive record of the details associated with their earnings over time. Lastly, a wage report may be used for reporting purposes but lacks the personal detail found in an employee earnings record. Thus, the employee earnings record is essential for accurately documenting each employee’s financial details.