Asked by
Ronney Weems
on Oct 14, 2024Verified
Which selection below is FALSE regarding payroll?
A) Payroll involves preparing employee paychecks.
B) Payroll involves paying independent contractors as well as employees.
C) Payroll involves withholding the appropriate amount in taxes.
D) Payroll is paying the company's share of payroll taxes.
Independent Contractors
Independent contractors are individuals or entities contracted to perform work for or provide services to another entity as non-employees, typically on a contract or freelance basis.
- Acquire knowledge about the duties employers have concerning numerous payroll taxes and liabilities.
Verified Answer
CM
Learning Objectives
- Acquire knowledge about the duties employers have concerning numerous payroll taxes and liabilities.
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