When Credit Flows Decline, DNFD

question 88

Multiple Choice

When credit flows decline, DNFD

• A)increases.
• B)declines.
• C)remains the same.
• D)declines then increases.

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Definitions:

Allowances

Amounts deducted from an employee's gross pay for specific purposes such as taxes, health insurance, and retirement funds.

Overtime Rate

The rate of pay that is higher than the regular hourly rate, paid to employees for hours worked beyond the standard workweek.

Gross Pay

The total amount of salary or wages earned by an employee before any deductions are taken for taxes, social security, etc.

Calendar Year

The one-year period that begins on January 1 and ends on December 31, used for most civil purposes and by many businesses as a fiscal year.