Frances Perez wants to start her own company. As a seasoned payroll professional, she approaches you for guidance about the differences between weekly, biweekly, and semimonthly pay periods. What would you tell her?
What will be an ideal response?
Weekly payroll is where individuals will receive 52 paychecks per year and are suited for companies that are small – construction or professional entities. Biweekly payroll is where individuals will receive 26 paychecks per year processed every two weeks and is one of the more common pay periods, occasionally this method may result in 27 pay periods. Semimonthly is where employees will receive 24 paychecks per year
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Which of the following errors will normally result in overstatement of 2017 net income?
A) failure to record merchandise purchases in 2016 B) understatement of 2016 ending merchandise inventory C) failure to record accrued salaries expense in 2016 D) overstatement of prepaid expense in 2016
Describe the wheel of loyalty
What will be an ideal response?
Which of the following statements is true about an independent contractor?
A) An independent contractor is typically paid on a monthly basis. B) An independent contractor typically works only for one employer. C) An independent contractor's physical conduct or details of work performance are not controlled by the employer. D) An independent contractor uses only the tools supplied by the contracting party.
If the problem is infeasible, then the modeler can create a dummy destination in order to equalize the demand and supply
a. True b. False