The Careful and Timely Preparation of All Payroll Withholdings and Employer's

question 59

Multiple Choice

The careful and timely preparation of all payroll withholdings and employer's portion of withholdings is necessary to avoid heavy fines.The most important control in the timely preparation of these returns is

• A)computerized preparation of income tax returns.
• B)a well-defined set of policies that indicate when each form must be filed.
• C)independent verification of computer output by a competent individual.
• D)a Gantt chart.

---

Definitions:

Intensive Technology

Service technology that focuses the efforts and talents of many people to serve clients.

Flexible Manufacturing Systems

An approach to manufacturing that allows for the easy adaptation of production processes to changes in product type and quantity.

Flexibility

The ability to adapt or change according to different circumstances, requirements, or conditions, often considered a vital asset in both personal and organizational contexts.

Efficiency

The measure of how effectively resources are used to achieve a goal or outcome, with minimal waste of time, effort, and cost.