In Most Cases, a PEO Shares Liability with Its Clients

question 56

True/False

In most cases, a PEO shares liability with its clients, which encourages the PEO to ensure that its clients comply with COBRA, Title VII, and OSHA.

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Definitions:

Semiannually

Occurring twice a year, typically every six months, often used in the context of payments, evaluations, or reporting.

Contract Rate

The contract rate is the interest rate specified in a financial contract or agreement.

Interest Payments

Interest payments are amounts paid for the use of borrowed money or for the delay in repayment of a debt.

Bond Payable

A financial instrument representing a loan made by an investor to a borrower, typically a corporate or governmental borrower, to be repaid with interest.