Payroll Deductions Fall into the Broad Categories of ________ and ________

question 30

Multiple Choice

Payroll deductions fall into the broad categories of ________ and ________.

• A)payroll tax withholdings;voluntary deductions
• B)unemployment;social security taxes
• C)unemployment taxes;income taxes
• D)voluntary deductions;income taxes

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Definitions:

Realized Profits

The gains earned and received from the sale of assets or investments.

Tax Rate

The rate at which a person or company is taxed by the state.

Unrealized

Referring to profits or losses that have occurred on paper due to changes in the value of assets or investments but have not been actualized through a sale or transaction.

Intercompany Profits

Earnings generated from transactions between divisions or subsidiaries within the same corporation, which may be eliminated in consolidated financial statements.