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You have just accepted a part-time job at one of the campus eateries. During your training the manager was called away to deal with some crisis and asked one of your co-workers to complete your training on using the cash register. The co-worker proceeds to tell you that if the money in the register drawer doesn't equal the total on the cash register tape, you will be responsible for the difference. If there is a cash shortage, you must make up the shortage out of your own pocket but if there is excess cash, you may keep the overage. Proudly, with the wink of an eye, she states, "I was short one time, right after I started working here. But I made sure, if you know what I mean, that I would never be short again."
A) Evaluate this control. Is it strong or weak? What kind of behavior will it encourage?
B) Do you have a professional obligation to report your co-worker to management? Explain.
Net Pay
Net pay refers to the amount of money an employee takes home after all deductions, such as taxes and retirement contributions, have been subtracted from their gross salary.
FICA Social Security
A U.S. government program funded by payroll taxes, providing retirement benefits, disability income, and survivor benefits.
FICA Medicare
A federal payroll (or employment) tax used to fund the Medicare program, split between employers and employees.
Federal Income Taxes
Taxes levied by the federal government on yearly earned income.
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