Examlex
Which of the following best explains how social hierarchies arise?
Wages Payable
A liability account representing the amount owed to employees for work performed but not yet paid.
Gross Earnings
The total income earned by an individual or business before any deductions like taxes and social security contributions.
EIN
An Employer Identification Number, issued by the IRS, used for identifying a business entity and for tax filing purposes.
Form SS-4
The form filled out by an employer to get an EIN. The form is sent to the IRS, which assigns the number to the business.
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