A Large Portion of an Organization's Total Payroll Is Devoted

question 52

Multiple Choice

A large portion of an organization's total payroll is devoted to employee benefits and this figure has risen over the past few decades.Which of the following has NOT contributed to this increasing cost?

• A)additional benefits offered voluntarily by organizations
• B)legislation forcing employers to establish some benefits
• C)the use of online,interactive benefits programs
• D)employers trying to match the competition

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Definitions:

Cash Account Balance

The amount of money that is available in a company's or individual's cash account at any given time.

Cash Payments

Disbursements of money to fulfill liabilities or acquire goods and services.

Cash Receipts

The collection of money, including coins, notes, checks, and electronic transfers, received by a business.

Journalizing

The act of recording financial transactions in a company's journal, detailing the accounts that are affected and in which direction.