Multiple Choice
Which of the following is a type of federal payroll tax?
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9. Current Liabilities
Payroll and Payroll Taxes
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The electronic transfer of wages into an employee’s account refers to which of the following?
A
Direct deposit
B
Payroll withholding
C
Wage garnishment
D
Manual paycheck
Verified step by step guidance1
Understand the concept of 'electronic transfer of wages': This refers to the process where an employer deposits an employee's wages directly into their bank account electronically, without the need for a physical paycheck.
Review the provided options: Direct deposit, Payroll withholding, Wage garnishment, and Manual paycheck.
Define each term: Direct deposit is the electronic transfer of wages into an employee's account. Payroll withholding refers to deductions from an employee's paycheck for taxes or other obligations. Wage garnishment is a legal process where a portion of an employee's wages is withheld to pay off debts. Manual paycheck is a physical check issued to the employee.
Compare the definitions to the concept described in the question: The electronic transfer of wages aligns with the definition of 'Direct deposit.'
Conclude that the correct answer is 'Direct deposit' based on the comparison of definitions and the concept described in the question.
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