Match Each Term with Its Definition

question 27

Multiple Choice

Match each term with its definition.
-Used to verify that an employee is eligible to legally work in the United States

• A)HIPAA Compliance Officer
• B)Security Officer
• C)Privacy Officer
• D)W-2 form
• E)W-4 form
• F)Form I-9
• G)salary
• H)Federal Fair Labor Standards Act
• I)gross pay
• J)net pay
• K)auditing
• L)bereavement time
• M)profit sharing
• N)liability insurance
• O)gripe session

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Definitions:

Interest

The amount paid by a borrower to a lender over a period of time for the use of money, expressed as a percentage of the principal.

Months

Units of time in calendars that approximately correspond to the period of the Earth moving in its orbit around the Sun, usually divided into 12 periods in a year.

Deposit

Money placed into a financial institution for safekeeping, which can earn interest depending on the account type.

Simple Interest Rate

The percentage of an amount of money which is paid as interest for a certain period of time, without compounding.