Which of the Following Are Important Decisions That an Employer

question 22

Multiple Choice

Which of the following are important decisions that an employer must make regarding its payroll procedures? (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) How often to pay employees
• B) Which employee benefits to offer
• C) How to handle pay advances
• D) How many employees to hire

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Definitions:

Other Income

Earnings or receipts from sources other than a taxpayer's primary occupation, including but not limited to interest, dividends, and rental income.

Form 1040

The official form provided by the Internal Revenue Service (IRS) which is utilized by individuals to submit their yearly income tax returns.

Tax-Exempt Dividends

Dividends that are paid by investments in municipal bonds or certain mutual funds which are not subject to federal income tax.

Corporate Dividends

Payments made by a corporation to its shareholders, usually derived from the company's profits.