Multiple Choice
Select the one term that best fits each definition.
-The payment of an employee's net pay using electronic funds transfer.
A) 401(k)
B) commission
C) direct deposit
D) electronic funds transfer
E) individual retirement account
F) Medicare tax
G) net pay
H) qualified retirement plan
I) Roth individual retirement account
J) social security tax
K) tax base
L) withholding allowance
Correct Answer:

Verified
Correct Answer:
Verified
Q9: The amount on the employee earnings record
Q10: Select the one term that best fits
Q11: Select the one term that best fits
Q12: Qualified retirement plans are approved by an
Q13: Businesses use payroll records to inform employees
Q15: When an employee's earnings exceed the tax
Q16: Select the one term that best fits
Q17: Each employee name is listed in a
Q18: Select the one term that best fits
Q19: A business form used to record details