Which Entity Is Most Likely to Be Part of the Payroll

question 56

Multiple Choice

Which entity is most likely to be part of the payroll cycle,expenditure cycle,and the revenue cycle?

• A)Customer.
• B)Cash.
• C)Supplier.
• D)Inventory.

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Definitions:

Joint Return

A tax return filed by married couples who choose to combine their taxable income into one return, potentially leading to tax benefits.

OASDI

The Old-Age, Survivors, and Disability Insurance program, part of Social Security in the United States, funded through payroll taxes.

Hospital Insurance

A type of health insurance coverage that pays for hospitalization expenses, surgeries, and other medical procedures.

OASDI

Old-Age, Survivors, and Disability Insurance; the official name for Social Security in the United States.