When a temporary help agency is used for recruitment, the agency pays the salary and benefits of the temporary help provided to an organization and receives an agreed-upon figure from the organization.
Answer the following statement true (T) or false (F)
True
A temporary help agency pays the salary and benefits of the temporary help; the organization pays the employment agency an agreed-upon figure for the services of the temporary help. The use of temporary help is not dependent on economic conditions.
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Once an account has been written off using the direct write-off method, it will not be collected
a. True b. False Indicate whether the statement is true or false
Which of the following sampling methods would be used to estimate a numerical measurement of population, such as the dollar value of an account?
A. Random-number sampling. B. Attributes sampling. C. Classical variables sampling. D. Stop-or-go sampling.
An organization that wants to provide its employees with always-available information, company forms, and contact capability should use which of the following?
a. Intranet b. Extranet c. Voice mail d. Email
With a growing family, Karen and Jeffrey know they should start investing more to provide for a secure future. Which of the following issues should they consider as they plan?
Karen and her husband, Jeffrey, are facing a new income tax situation this year. She is a corporate accountant and Jeffrey is an engineer. Their gross salaries total $89,000. Both graduated from four-year universities five years ago and are still paying off large student loans. She is now attending school part-time to prepare for the CPA exam. The Bosteins incurred considerable expenses in the process of adopting an infant this year, and they have the ongoing expense of daycare. In January of last year they closed on their new home. Although trained as an accountant, Karen's work has not involved income tax preparation. Help them consider the following questions. A) Interest paid on money borrowed to invest is an itemized deduction. B) Contributions to tax-deferred retirement accounts avoid taxes in the current year and grow tax-free until the time of withdrawal. C) Qualified dividends and capital gains are taxed at a lower rate than ordinary income. D) Municipal bond earnings are exempt from federal income tax. E) All of the above