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Please answer all parts of the question for a good rating and a big thumbs up. Thank you. TRUE-FALSE STATEMENTS 1. Internal control over payroll
Please answer all parts of the question for a good rating and a big thumbs up.
TRUE-FALSE STATEMENTS 1. Internal control over payroll is not necessary because employees will complain if they do not receive the correct amount on their payroll checks. 2. A good internal control feature is to have a written hiring authorization form completed before a new employee is added to the payroll. 3. A good internal control feature is to have several employees choose one person to punch all of their time cards. 4. An employee's time card is used to record the number of exemptions claimed by the employee for income tax withholding purposes. 5. FICA taxes and federal income taxes are levied on employees' earnings without limit Thank you.
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