Kyle Just Started His New Position with a Large Cola

question 10

Multiple Choice

Kyle just started his new position with a large cola company. Part of his orientation was to provide banking information for deposit of his salary into his bank account as opposed to receiving a payment via a company cheque. What is this component of employee compensation called?

• A) Indirect deposit
• B) Indirect financial payment
• C) Direct pay
• D) Direct deposit
• E) Direct financial payment

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Definitions:

Finalized

To complete all required procedures to make a document or transaction officially valid and binding.

Child Tax Credit

A tax credit offered by the government which reduces tax liability for taxpayers with dependent children.

AGI

The Adjusted Gross Income is a figure obtained from your gross earnings, serving the purpose of determining the taxable part of your income.

Single

A filing status for individuals not married, divorced, or legally separated, affecting the tax rates and deductions they qualify for.