What Is the Purpose of the Occupational Safety and Health

question 27

Multiple Choice

What is the purpose of the Occupational Safety and Health Act (OSHA) ?

• A) Educating occupational health and safety professionals
• B) Identifying and research occupational health and safety hazards
• C) Distributing research findings relevant to occupational health and safety
• D) Educating employers about occupational health and safety

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Definitions:

Net Pay

Gross pay less payroll deductions; the amount the employer is obligated to pay the employee.

Payroll Taxes

Taxes that employers are required to withhold from employees' paychecks and/or pay on behalf of their employees, including Social Security and Medicare taxes.

Discounting

In finance, refers to the process of determining the present value of a payment or a series of payments that will be received in the future.

Note Payable

A written agreement to pay a specified sum of money, plus interest, on a set date, representing a liability for the issuer.