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Author Question: Identify the following item that should contribute to the efficiency of a payroll system. (Read 40 times)

frankwu

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Question 1

The employer pays a portion of some payroll taxes and employee benefits. Both the employee and employer pay which benefit or tax listed below?
◦ Social security taxes.
◦ Federal income taxes.
◦ State income taxes.
◦ Municipal taxes.

Question 2

Identify the following item that should contribute to the efficiency of a payroll system.
◦ Segregation of check distribution from payroll duties.
◦ Prompt redeposit of unclaimed paychecks.
◦ Use a separate payroll bank account.
◦ Direct deposit of checks.


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Marked as best answer by frankwu on Apr 8, 2019

sultansheikh

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frankwu

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Reply 2 on: Apr 8, 2019
Excellent


tanna.moeller

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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