Withheld Payroll Deductions Become

question 7

Multiple Choice

Withheld payroll deductions become:

• A)assets of the employer.
• B)liabilities of the employer.
• C)revenues of the employer.
• D)liabilities of the employee.

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Definitions:

Radios

Radios are devices that receive broadcast signals, converting them into audio sound waves for information and entertainment.

Opportunity Cost

Opportunity cost is the value of the next best alternative forgone as the result of making a decision.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than its competitors.

Absolute Advantage

The ability of an entity to produce more of a good or service than competitors using the same amount of resources.