Which of the Following Is Not One of the Duties

question 8

Multiple Choice

Which of the following is not one of the duties that a principal would owe an agent?

• A) The principal owes a duty of cooperation to the agent.
• B) The principal owes a duty of safe working conditions to the agent.
• C) The principal owes a duty of reimbursement and indemnification to the agent.
• D) The principal owes a duty of compensation to the agent.
• E) The principal owes a duty of loyalty not to hire another agent.

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Definitions:

FICA-Medicare

The portion of the Federal Insurance Contributions Act (FICA) tax that is dedicated to Medicare, funding hospital insurance for individuals under the Medicare program.

FUTA Payable

The amount owed by an employer for the Federal Unemployment Tax Act to fund state workforce agencies and unemployment compensation for workers who have lost their jobs.

Journal Entry

A record in the accounting journal that represents a financial transaction and includes details such as date, amounts, accounts impacted.

Debit

A debit is an accounting entry that increases an asset or expense account or decreases a liability or equity account.