Multiple Choice
How often are federal employment taxes typically deposited by most employers?
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9. Current Liabilities
Payroll and Payroll Taxes
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A set income given to an employee on a weekly or monthly basis is known as:
A
Bonus
B
Commission
C
Salary
D
Wage
Verified step by step guidance1
Understand the definitions of the terms provided: Bonus, Commission, Salary, and Wage.
Bonus refers to additional compensation given to an employee, often as a reward for performance or achieving specific goals.
Commission is a payment based on a percentage of sales or performance metrics, typically used in sales roles.
Salary is a fixed regular payment, often expressed on a weekly, bi-weekly, or monthly basis, regardless of hours worked.
Wage is a payment based on the number of hours worked or tasks completed, typically calculated hourly or daily.
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