Monkey Business Inc Has Implemented an Automated Software System That

question 30

Essay

Monkey Business Inc has implemented an automated software system that allows its employees to enter their weekly hours.Recently, it was determined that one if its employees made a keystroke error and was underpaid as a result.As a general rule, how can Monkey Business and its employees protect themselves against keystroke errors?

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Definitions:

Certain Carrying Charges

Expenses necessary for holding or maintaining property, which may be deductible for tax purposes.

State Income Tax Refund

State income tax refund is the money returned to a taxpayer from the state government if they overpaid their state income taxes.

1099-G

A tax form used in the United States to report certain government payments, like state tax refunds.

Taxpayer

An individual or entity that is obligated to pay taxes to a federal, state, or municipal government.