Which of the Following Activities Is Part of the Value

question 80

Multiple Choice

Which of the following activities is part of the value chain of an organization?

• A)human resources
• B)information technology
• C)marketing and sales
• D)infrastructure service

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Definitions:

Gross Pay

Gross pay refers to the total amount of money an employee earns before any deductions are taken out.

Employer Payroll Taxes

Taxes that employers are required to pay on behalf of their employees, which may include Social Security and Medicare taxes.

Tax Liability Accounts

Tax liability accounts are financial accounts used to record the amounts owed by an individual or an entity to the tax authorities, representing future tax payments.

Payroll Tax Expense Accounts

Accounts that track the taxes a business incurs related to its employees' salaries, including social security, Medicare, and federal and state income taxes.