All the Different Fees and Fund Operating Costs Are Often

question 134

Multiple Choice

All the different fees and fund operating costs are often referred to as a(n) :

• A) investment ratio.
• B) expense ratio.
• C) financial ratio.
• D) expense turnover.
• E) management ratio.

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Definitions:

Salaries And Wages Expense

The total amount recorded by a business for the compensation of employees, including both salaries and hourly wages.

Monthly Payroll

The total of all compensation that a business must pay to its employees for a set month, including wages, salaries, bonuses, and deductions.

FICA Taxes Withheld

The portion of social security and Medicare taxes that employers deduct from employees' wages and salaries.

Net Payroll

The total amount of wages payable to employees after deductions such as taxes and benefits.