The Vendor Invoice Triggers the "Establish Payable" Process

question 37

True/False

The vendor invoice triggers the "establish payable" process.

---

Definitions:

Form 941

A quarterly tax form filed by employers to report income taxes, social security tax, or Medicare tax withheld from employee's paychecks.

Independent Contractors

Independent contractors are individuals or entities contracted to perform work for or provide services to another entity as non-employees, typically on a contract or freelance basis.

Form W-2

A tax form used in the United States to report wages paid to employees and the taxes withheld from them.

Salaries

Compensation that employees receive regularly for rendering their services.