1. (a) Why is correct payroll calculation so important? (b) Why cant vacation pay and regular pay be combined? (c) If an employer does not pay the taxes withheld from employees to the government, is the employee responsible?

2. (a) Is a defined benefit or a defined contribution plan better for an employee or an employer, and why? (b) Are pension benefits going up or down at this time in the economy, and why do you think so?