Question
1 From the employer's perspective, which of the following is not an advantage of having direct deposit? Reduction in payroll processing costs. Secure processing of
1 From the employer's perspective, which of the following is not an advantage of having direct deposit?
Reduction in payroll processing costs.
Secure processing of employee compensation.
Vulnerability of data to computer attacks.
Employee self-maintenance of personnel records.
2 Which of the following payment methods is growing in popularity among employees?
Cash
Check
Direct Deposit
Paycard
The percentage method of determining an employee's Federal income tax deductions __________________.
is used to promote complexity in payroll practices
allows payroll accountants to determine Federal income tax for the firm itself
is used primarily for high wage earners and computerized payroll programs
is less accurate than the results gained from using the wage-bracket method
Post-Tax Deductions are amounts _________________________.
that are voluntarily chosen by the employee
that the employer chooses to withhold after assessing the employee's tax liability
that include both mandatory and voluntary deductions
that include only mandatory deductions like garnishments and union dues
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