Identify the Two Types of Payroll Deductions and Give Two

question 14

Essay

Identify the two types of payroll deductions and give two examples of each type.

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Definitions:

Legal Accountability

The requirement for individuals or organizations to be answerable to laws and regulations, facing consequences for legal violations.

Financial Accountability

The obligation of individuals or organizations to explain how their money was spent and to demonstrate that they have used resources efficiently and effectively.

Legal Auditing

A comprehensive review and assessment of an organization’s adherence to legal requirements and regulations.

Legal Disputes

Conflicts that involve a disagreement over the interpretation or enforcement of laws, often resolved in court or through legal processes.