Training Competency Involves the Knowledge and Skills Needed to Design

question 40

True/False

Training competency involves the knowledge and skills needed to design and implement training programs.

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Definitions:

Payroll Tax Expense

Taxes that employers are required to pay based on the salary and wages paid to employees, including social security and Medicare taxes in the United States.

SUTA Payable

A liability account in the general ledger that records amounts owed to the state unemployment insurance program, to be paid by employers.

Social Security Tax

A payroll tax paid by employees and employers to fund the Social Security program, which provides retirement, disability, and survivorship benefits.

Time Card

A record of the hours worked by an employee, used to calculate payroll and ensure compliance with labor laws.