Internal controls are policies and procedures to safeguard business assets, ensure employees are complying with laws and regulations, and ensure the accuracy of financial information. If you're a manager concerned about cash being stolen, lost, misused or incorrectly reported, what internal control procedures would you recommend?

One employee is given the responsibility for ordering & receiving inventory, recording the inventory inventory received, and paying the invoice. Why is this an internal control weakness?

What are the similarities and differences between employment tax withholdings and employer payroll taxes?

Assume an employee's first month's salary for the year is $5,000. How much FICA will be deducted from the the employees gross pay and what payroll taxes does the employer need to pay related to the employee's earnings?

can someone answer this by midnight?

Discussion 4 -Internal Controls Payroll Withholdings and Payroll Taxes 10 pts Comment on the following items: 1. Internal controls are policies and procedures to safeguard business assets, ensure employees are complying with laws and regulations, and ensure the accuracy of financial information. If you're a manager concerned about cash being stolen, lost, misused or incorrectly reported what internal control procedures would you recommend? 2. One employee is given the responsibility for ordering & receiving inventory, recording the inventory inventory received, and paying the invoice. Why is this an internal control weakness? 3. What are the similarities and differences between employment tax withholdings and employer payroll taxes? 4. Assume an employee's first month's salary for the year is $5,000. How much FICA will be deducted from the the employees gross pay and what payroll taxes does the employer need to pay related to the employee's earnings