Today, Fringe Benefits Account for More Than ________ Percent of Total

question 217

Multiple Choice

Today, fringe benefits account for more than ________ percent of total payroll costs.

• A) 6
• B) 18
• C) 24
• D) 30

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Definitions:

Long-term Debt

Loans or financial obligations that are due for repayment beyond the next 12 months or the current business cycle.

FICA Taxes

Taxes designed to provide workers with supplemental retirement, employment disability, and medical benefits.

Employee Earnings

The total amount of money paid to an employee by an employer, including wages, salaries, bonuses, and commissions.

Compensation

Payment or benefits provided to employees in exchange for their work or services.