Steve Is an Employee of Panache Inc

question 105

True/False

Steve is an employee of Panache Inc.Panache pays a portion of his health insurance premium,and also contributes to a retirement plan in his name.The company's share of the health insurance premium is $600,and the company's contribution to the retirement plan is $780.The journal entry in the payroll cycle to record the employee benefits to be paid by the company should include a debit to Employee Health Insurance Payable for $1,380.

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Definitions:

Moral Objections

Refusals or oppositions based on personal beliefs about what is right and wrong.

Libel

A form of defamation expressed in print, writing, pictures, or signs, damaging a person's reputation without just cause or excuse.

Slander

A false and defamatory oral statement about a person, harming their reputation.

Permanent

Permanent describes something that is intended to last or continue indefinitely, without an anticipated end or change.