Timesheet Transactions Collected and Used to Update Payroll Files Once

question 90

Short Answer

Timesheet transactions collected and used to update payroll files once a week,is an example of ________ processing.

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Definitions:

Negative Income Tax

A welfare system that provides income support by offering a direct transfer of funds to individuals whose income falls below a certain threshold.

Tax Revenue

The revenue that governments acquire from taxes.

Capitalism

An economic system characterized by private ownership of the means of production, where investments, production, distribution, income, and prices are determined mainly by competition in a free market.

Socialism

An economic and political system where the means of production, distribution, and exchange are owned or regulated by the community as a whole.