Match the Terms with the Definitions

question 36

Multiple Choice

Match the terms with the definitions.
-A separate record of each employee's earnings.

• A)direct deposit
• B)electronic system
• C)employee
• D)employee earnings record
• E)Fair Labor Standards Act (FLSA)
• F)FICA taxes
• G)gross pay
• H)independent contractor
• I)manual system
• J)net pay
• K)payroll processing center
• L)payroll register
• M)salary
• N)wage-bracket method
• O)wages
• P)withhol ding allowance

Identify the requirements for a party to achieve holder-in-due-course status.

Comprehend the shelter principle and its implications for subsequent holders.

Distinguish between primary and secondary liability on negotiable instruments.

Recognize the role and definitions of endorsements and warranties in the transfer of negotiable instruments.