Which of the Following Types of Employee Benefits Are Not

question 28

Multiple Choice

Which of the following types of employee benefits are not covered by AASB 119/IAS 19?

• A) Long service leave.
• B) Wages.
• C) Share-based payments.
• D) Annual leave.

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Definitions:

Payroll Register

A document that records detailed information about the compensation paid to employees, including wages, deductions, and net pay.

W-2 Forms

Official tax documents that employers send to employees and the IRS, reporting the employee's annual wages and the amount of taxes withheld from their paycheck.

Employer's Payroll Taxes

Taxes that employers are required to pay on behalf of their employees, including Social Security and Medicare taxes.

FICA-OASDI

Federal Insurance Contributions Act - Old Age, Survivors, and Disability Insurance; a payroll tax that funds Social Security and Medicare in the United States.