The Employer Should Record Deductions from Employee Pay As

question 106

Multiple Choice

The employer should record deductions from employee pay as:

• A)Employee receivables.
• B)Payroll taxes.
• C)Current liabilities.
• D)Wages payable.
• E)Employee payables.

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Definitions:

Interest Rate

The proportion of a total amount of money that is levied for borrowing it, usually stated as an annual rate.

Annual Return

The percentage of gain or loss on an investment over a one-year period, taking into account both capital gains and dividends.

Retirement Fund

Financial resources that have been saved and are used to support a person's retirement.

Mutual Fund

An investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments.