What information does the Wage and Tax Register provide?

The Wage and Tax Register is a critical document in payroll processing, as it summarizes the wages earned and the taxes withheld for each employee over specified periods. This register provides detailed information on both quarterly and year-to-date wages and taxes, allowing payroll professionals to track payroll expenses as well as employee tax liabilities. It serves as a reliable reference for ensuring compliance with tax regulations and for preparing tax returns, making it an essential tool for maintaining accurate payroll records.

Other options, while relevant to payroll, do not directly relate to the comprehensive overview provided by the Wage and Tax Register. Specifically, year-end bonuses and deductions focus on a specific aspect of payroll that may not be included in wage and tax summaries, employee attendance records are outside the scope of financial reporting, and future payroll projections pertain to forecasting rather than tracking historical payroll data.