The Order of Steps to Process Payroll Is

question 19

Multiple Choice

The order of steps to process payroll is:

• A)Enter Time > Pay Employees > Pay Payroll Liabilities > Process Payroll Forms
• B)Enter Time > Pay Employees > Process Payroll Forms > Print Payroll Report
• C)Pay Employees > Process Payroll Forms > Pay Payroll Liabilities
• D)Enter Time > Pay Payroll Liabilities > Process Payroll Forms > Print Liabilities Report

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Definitions:

Court Approval

The formal endorsement by a judge or court of an action, agreement, or decision before it can legally take effect.

Preferential Payment

A payment made by a debtor that favors one creditor over others, often scrutinized in bankruptcy proceedings.

Consumer Debt

Debt that is incurred by an individual primarily for personal, family, or household purposes.

Bankruptcy Proceedings

The legal process through which individuals or entities unable to pay their debts can seek relief from some or all of their financial obligations.