Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

a.Payroll function h.Hourly-rate plan o.Federal Insurance b.Payroll record i.Indirect laborContribution Act c.Defined contribution plans j.Federal Unemployment p.Piece-rate plan d.Direct laborTax Act q.Magnetic card reader e.Employee

a.Payroll function

h.Hourly-rate plan

o.Federal Insurance

b.Payroll record

i.Indirect laborContribution Act

c.Defined contribution plans

j.Federal Unemployment

p.Piece-rate plan

d.Direct laborTax Act

q.Magnetic card reader

e.Employee earnings

k.Defined benefit plans

r.Payroll taxes

L.Non-contributory planss

S.Bonuses, vacations,holiday pay

f.Contributory plansm.

M. Modified wage planan

g.Bar codes

N.Shift premium

T. Timekeeping function

_____11.This is a summary listing of employees earnings for a payroll period and includes such items as FICA taxable earnings, deductions, and net amount paid.

_____12.This is a record of the cumulative earnings of each employee.

_____13.These are symbols that can be processed electronically to identify numbers,letters, or special characters.

_____14.These are pension plans that require a partial contribution by the employees.

_____15.These are imposed on employers and include social security tax and federal and state unemployment taxes.

_____16.It requires employers to pay social security taxes on wages and salaries equal to the amount withheld from employee earnings.

_____17.This requires employers to pay an established rate of tax on wages and salaries to provide for compensation to employees if they should be laid off from their regular jobs.

_____18.This usually is added to the regular rate of pay for employees who do not work a normal day shift.

_____19.These are pension plans that specify the amount of benefits that an employee will receive based on earnings and length of service.

_____20.These are pension plans t

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions