The Notification Accompanying a Check That Indicates the Specific Invoice

question 89

Multiple Choice

The notification accompanying a check that indicates the specific invoice being paid is called a

• A) remittance advice
• B) voucher
• C) debit memo
• D) credit memo

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Definitions:

Processing Payroll

The administrative task of calculating and distributing wages, as well as filing the necessary taxes.

FUTA

The Federal Unemployment Tax Act, which imposes a payroll tax on businesses to fund state workforce agencies.

Tax Form 940

A federal tax form in the United States used by employers to report annual Federal Unemployment Tax Act (FUTA) tax.

Purchase Order

A document issued by a buyer to a seller, detailing types, quantities, and agreed prices for products or services.