Examlex
Which of the following statements is not true?
Time and a Half
A pay rate that is 1.5 times the employee's regular hourly rate, usually paid for overtime work beyond the standard workweek hours.
Salaries Payable
An account that records the amounts owed to employees for work performed that has not yet been paid.
Social Security Tax
A tax that both employers and employees pay to fund the Social Security program, which provides benefits for retirees, disabled workers, and survivors.
Unfunded Pension Liability
The gap between the projected benefits of a pension plan and the assets available to fund those benefits.
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