Multiple Choice
Select the one term that best fits each definition.
-A federal tax paid for old-age, survivors, and disability insurance.
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
Q19: A business form used to record details
Q20: Select the one term that best fits
Q21: The total earnings paid to an employee
Q22: A business is required by law to
Q23: The Accumulated Earnings column of the employee
Q25: Federal income tax is withheld from employee
Q26: Total earnings are sometimes referred to as
Q27: Select the one term that best fits
Q28: Select the one term that best fits
Q29: The amount of income tax withheld from