Which of the Following Is Not a Commonly Used Internal

question 169

Multiple Choice

Which of the following is not a commonly used internal control?

• A)Mandatory vacations
• B)Anonymous hotlines
• C)Bonding employees
• D)Consolidating duties

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Definitions:

Net Pay

The amount of an employee's earnings after all deductions, such as taxes and retirement contributions, have been subtracted.

Social Security Tax

A tax that funds the Social Security program, deducted from employees' salaries and matched by employers, supporting retirees, disabled workers, and survivors.

Federal Income Tax

This is a tax levied by the United States Internal Revenue Service on the annual earnings of individuals, corporations, trusts, and other legal entities.

Social Security Tax

A tax that funds the Social Security program, typically collected as part of the FICA tax.