A Judicial Bond Is an Assurance, Generally Purchased by an Employer

question 17

True/False

A judicial bond is an assurance, generally purchased by an employer, to cover employees who are entrusted with valuable property or funds.

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Definitions:

Salary

Regular payments usually made monthly or bi-weekly to an employee, often annualized, for performing a job.

Payroll Taxes

Levies charged to both employers and workers, determined as a proportion of the wages that businesses distribute to their personnel.

Federal Government

The national government of a federated state, which holds the authority to govern at a national level as distinct from regional or local levels.

Average Tax Rate

The fraction of total income that is paid as taxes, calculated by dividing the total amount of taxes paid by the taxpayer's total income.