Which of the Following Is a Potential Consequence of Incorrect

question 43

Multiple Choice

Which of the following is a potential consequence of incorrect calculation of employee time for payroll purposes? (You may select more than one answer. Single click the box with the
Question mark to produce a check mark for a correct answer and double click the box with
The question mark to empty the box for a wrong answer. Any boxes left with a question
Mark will be automatically graded as incorrect.)

• A) Federal penalties for not remitting all taxes due.
• B) Erosion of available cash because of overpayments to employees.
• C) An increase in legal proceedings initiated by employees.
• D) Increased stakeholder approval due to employee overpayments.

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Definitions:

Deposit Today

An amount of money placed into a financial account or investment at the present time.

Cash

Liquid assets that can be used immediately for transactions, including currency and bank balances.

Compound Interest

Interest computed not only on the original amount invested or loaned but also on the interest that has been added to this principal over past periods.

Simple Interest

Interest computed solely on the initial sum, without accumulation through compounding.