There Are Many Uses of Electronic Funds Transfer Related to the Payroll

question 91

Multiple Choice

There are many uses of electronic funds transfer related to the payroll process.Which of the following is not one of those uses?

• A)Payments to the employees
• B)Payments to the federal taxing agencies
• C)Transfers to the payroll checking account
• D)All of the above are uses of electronic funds transfer

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Definitions:

Corporate Mission Statement

A concise expression of a company's purpose, identifying its scope of operations and guiding its strategic decisions and direction.

Long-term Profits

The amount of net income expected to be generated over an extended period, reflecting the financial health and sustainability of a business.

Core Purpose

The fundamental reason a company exists beyond just making money, often reflecting its values and mission.

External Stakeholder

Individuals or entities outside of a company that have an interest or concern in the business operations, such as customers, suppliers, and the community.