Identify All Correct Statements Concerning Payrolls and Related Payroll Costs

question 12

Multiple Choice

Identify all correct statements concerning payrolls and related payroll costs:

• A) Both employers and employees pay Social Security and Medicare taxes.
• B) Workers' compensation premiums are withheld from employees' wages.
• C) An employer's total payroll costs usually exceed total wages expense by about 7 1/2%.
• D) Under current law, employers are required to pay Social Security taxes on employees' earnings, but are not required to pay for health insurance.

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Definitions:

Affect

A term in psychology that refers to the experience of feeling or emotion, which can influence perception and behavior.

Counterproductive Work Behavior

Actions by employees that intentionally hinder organizational goals or objectives.

Organizational Norms

Shared expectations and rules that guide behavior of people within social groups, including workplaces.

Voluntary Behavior

Actions taken by an individual out of free will without external compulsion or coercion.