In Order to Avoid Costly Lawsuits,companies Like Coca-Cola Are Managing

question 73

Multiple Choice

In order to avoid costly lawsuits,companies like Coca-Cola are managing diversity by doing all the following except:

• A)Committing additional resources to diversity initiatives
• B)Using minority suppliers
• C)Removing all religious holidays
• D)Instituting a formal mentoring program
• E)Instituting days to celebrate diversity

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Definitions:

Net Check

Net check is the amount of money an employee receives after all deductions, such as taxes and health insurance, have been subtracted from the gross pay.

Payroll Tax Liability

The obligation of an employer to withhold and pay taxes to the government based on the wages and salaries paid to employees.

Form 941-V

A specific tax form used when making a payment together with Form 941, which is the Employer's Quarterly Federal Tax Return.

Payroll Tax Withholding

The process by which employers deduct taxes from employees' paychecks to cover income taxes, Social Security, and Medicare obligations.