A Payroll Accountant Is Preparing the fiNal Pay for a Commission-Based

question 14

Multiple Choice

A payroll accountant is preparing the final pay for a commission-based salesperson who has been terminated from the firm. What will happen to the salesperson's commissions that have been earned but not paid?

• A)The employee must receive final non-commission pay immediately, but any commission pay will be delayed.
• B)The final pay must include all commissions earned, in accordance with any pay agreement.
• C)The salesperson's final pay is delayed to allow for computation of commissions.
• D)The salesperson must receive termination pay immediately and forfeits all unpaid commissions.

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Definitions:

National Borders

Geographical boundaries established by countries to define their territorial limits and control over space, subject to political and legal agreements.

Intellectual Capital

The intangible value of a business, generated from the company's human knowledge, relationships, systems, and proprietary information.

Workforce

The collective group of individuals engaged in work within an organization or the labor pool in a particular area or economy.

Deregulation

The process of removing or reducing government restrictions and rules from industries to promote competition and efficiency.