Match the Terms with the Definitions

question 64

Multiple Choice

Match the terms with the definitions.
-Someone who performs a service for a fee and does not work under the control and direction of the company paying for the service.

• A)direct deposit
• B)electronic system
• C)employee
• D)employee earnings record
• E)Fair Labor Standards Act (FLSA)
• F)FICA taxes
• G)gross pay
• H)independent contractor
• I)manual system
• J)net pay
• K)payroll processing center
• L)payroll register
• M)salary
• N)wage-bracket method
• O)wages
• P)withhol ding allowance

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Definitions:

Business Plan

A detailed document outlining the strategy, goals, financials, and marketing efforts for a business venture.

Calculating Figures Conservatively

Estimating numbers or financial data in a cautious manner, often underestimating to avoid overstatement or risk.

Budgets

Financial plans that outline expected income and expenses over a specified period, guiding spending and resource allocation decisions.

Proposal

A formal suggestion or plan put forward for consideration or discussion by others.