Which of the Following Is a Value-Added Activity

question 32

Multiple Choice

Which of the following is a value-added activity?

• A)moving
• B)inspection
• C)processing
• D)waiting

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Definitions:

Employee's Gross Earnings

The total amount earned by an employee before any deductions, including wages, salaries, bonuses, and commissions.

Employee's Net Pay

The amount of salary that an employee takes home after deductions such as taxes, social security, and benefits have been subtracted.

Pay Period

The regular interval at which an employee receives a paycheck, such as weekly, bi-weekly, or monthly.

FICA Taxes

Taxes collected in the U.S. to fund the Social Security and Medicare programs, paid by both employees and employers.