Multiple Choice
Select the one term that best fits each definition.
-A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents.
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
Q1: Payroll taxes withheld represent a liability for
Q3: The larger the number of withholding allowances
Q4: Employee regular earnings are calculated as<br>A) regular
Q5: The first task in preparing a payroll
Q6: A single person will have more income
Q7: Select the one term that best fits
Q8: Individual payroll checks are usually written on
Q9: The amount on the employee earnings record
Q10: Select the one term that best fits
Q11: Select the one term that best fits