Which of the Following Is Generally Not a Major Source

question 5

Multiple Choice

Which of the following is generally not a major source of input to a payroll system?

• A)Payroll rate changes.
• B)Time and attendance data.
• C)Checks to insurance and benefits providers.
• D)Withholdings and deduction requests from employees.

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Definitions:

Single Premium Annuity

A financial product where a lump sum payment is made initially in exchange for a series of payments that will be received at future dates.

Expected Rate

Anticipated return or yield on an investment or financial instrument, often based on historical data or statistical analysis.

Fidelity Mutual

An investment firm known for offering mutual funds and other financial products and services to its clients.

Four-Year Annuity

A financial product that provides a series of equal payments over a period of four years to the holder.