Match the Terms with the Definitions

question 103

Multiple Choice

Match the terms with the definitions.
-A form used to assemble the data required at the end of each payroll period.

• 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

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Definitions:

Break Even

The point at which total costs and total revenues are equal, resulting in no net loss or gain for a business.

Net Present Value

A financial metric that calculates the present value of net cash flows from an investment, considering the time value of money.

Assumptions

Premises or statements taken as true without proof for the purpose of argument or investigation in analytical or operational processes.

Bottleneck Operation

A stage in the production process that reduces the overall capacity because its work rate is slower than that of other stages.