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Describe the barriers to the success of control systems.Consider one of your college classes as an example and your instructor as someone who would like to have good control systems in place.Explain if and how the barriers have detracted from performance in the class.
Net Pay
Gross earnings, less deductions. Net pay, or take-home pay, is what the worker actually takes home.
Wages and Salaries Payable
Liabilities for wages and salaries that have been earned by employees but have not yet been paid.
Federal Income Taxes Payable
The amount of income tax that a company or individual owes to the federal government and has not yet paid.
Payroll Taxes Payable
Liabilities owed to tax authorities for employee taxes withheld and employer payroll taxes; to be paid within a specified period.
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