Art Parrish,the Sole Employee of Parrish Sales,has Gross Salary for March

question 47

True/False

Art Parrish,the sole employee of Parrish Sales,has gross salary for March of $4,000.The entire amount is under the OASDI limit of $106,800,and thus subject to FICA.The total amount of FICA that the company pays to the government on Art Parrish's behalf is $612.

---

Definitions:

TQM

Total Quality Management, a management approach focused on continuous improvement of all organizational processes, products, and services.

Tally Defects

The process of counting and recording flaws or errors in a product or process to analyze and improve quality control.

Manufacturing Process

Involves the steps, operations, and methodologies used to transform raw materials into finished goods or products.

Contingency Theories

A group of leadership theories suggesting that there is no single best way to lead, as effective leadership depends on the context of the situation.