The Comparison of Input to Output Is Known as Auditing

question 77

Multiple Choice

The comparison of input to output is known as auditing

• A) around-the-computer.
• B) through the computer.
• C) with the computer.
• D) without the computer.

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Definitions:

Pay Period

Pay period refers to the recurring length of time over which employee wages are calculated and distributed, such as weekly, bi-weekly, or monthly.

FICA Taxes

Taxes imposed by the Federal Insurance Contributions Act, which fund Social Security and Medicare, required to be withheld from employees' paychecks and matched by employers.

OASDI

Stands for Old-Age, Survivors, and Disability Insurance, a program that provides monthly benefits to retired individuals, survivors of deceased workers, and disabled workers funded through payroll taxes.

Federal Income Tax

The tax levied by the national government on individual or corporate income.