Value Is "Strategic" When It Contributes to Meeting the Organization's

question 86

True/False

Value is "strategic" when it contributes to meeting the organization's goals.

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Definitions:

Payroll

The total amount of wages, salaries, bonuses, and deductions a business pays to its employees.

FICA-OASDI Payable

The amount owed by an employer or employee for Social Security and Medicare taxes, to be paid to the IRS.

FUTA Payable

A liability account that records the amount owed by a company for the Federal Unemployment Tax Act contributions, payable to the federal government.

SUTA Payable

A liability account that records amounts owed for the state unemployment tax.