What is a current liability? Examples?
What is the presentation on the balance sheet?
Which payroll tax is levied on both employers and employees?
What is liquidity? What are two measures of liquidity?
What is the difference between gross pay and net pay? Which amount should a company record as wages and salaries expense?
What information is shown in a W-2 statement?
Do you reconcile your W-2? Why should you?
Distinguish different types of payroll deductions and give examples of each.
Identify the main internal control objectives related to payroll accounting
Do you contribute to a retirement plan?What is the principal difference between a defined-contribution pension plan and a
defined-benefit pension plan?
What is a long term liability? Examples?
What is the presentation on the balance sheet?
What are the different features of bonds?