In the PMT Function,what Is Not True About the Num_periods

question 53

Multiple Choice

In the PMT function,what is not true about the Num_periods argument?

• A)It reflects a count of how many times payments will be made.
• B)It can contain references to fields.
• C)You must use constants for this argument.
• D)It is required.

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Definitions:

Overtime Rate

The rate of pay for work performed beyond the normal working hours, typically higher than the regular pay rate.

Total Wages

The sum of all compensation, including salaries and wages, paid to employees over a specified period.

FICA

The Federal Insurance Contributions Act, a U.S. law that mandates a payroll tax to fund Social Security and Medicare programs.

W-4 Form

A form used by employees to indicate their tax situations to employers, which helps determine the amount of federal income tax to withhold from wages.