The Law That Requires Most Employers to Provide Time Off

question 101

Multiple Choice

The law that requires most employers to provide time off for medical reasons, to care for a sick family member, or to care for a new child is the ______________.

• A)Worker's Compensation Act
• B)Affordable Care Act
• C)Family and Dependents Care Act
• D)Family and Medical Leave Act

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Definitions:

Adjusting Entry

A journal entry made in accounting records to correct or allocate revenues and expenses to the appropriate period.

Wages Expense

This is the total amount of wages a company pays to its employees, which is considered an expense on the income statement.

Accrued Wages

Refers to wages earned by employees but not yet paid by the employer.

Reversing Entry

An accounting entry that is made at the beginning of an accounting period to reverse or cancel out adjusting entries made at the end of the previous period.