Define the concept of comparable worth. What do critics say about comparable worth?
What will be an ideal response?
Comparable worth is the concept that seeks equal compensation for jobs that require about the same level of education, training, and skill. Critics believe that the market should determine wages and the worth of jobs in an organization and that laws that move us toward comparable worth should not tamper with the market forces of wages. Critics also argue that inflating salaries artificially for female-dominated occupations encourages women to keep those jobs rather than seek higher paying jobs.
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The following totals for the month of June were taken from the payroll register of Young Company: Salaries expense $15,000 Social security and Medicare taxes withheld 1,125 Income taxes withheld 3,000 Retirement savings 500 Salaries subject to federal and state unemployment taxes of 6.2 percent 4,000 The entry to record the accrual of employer's payroll taxes would include a debit to
a. Payroll Tax Expense for $2,498 b. Social Security and Medicare Tax Payable for $2,250 c. Payroll Tax Expense for $1,373 d. Payroll Tax Expense for $1,125
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