| Question |
Answer |
| Salary |
a compensation for services, usually expressed hourly, weekly, monthly or annual amounts |
| Dedutions |
employers reuired to with hold a portion of total earnings for fed. income social security; state 4 cities may also require holdings |
| Fed. Inincome Tax Betermined By |
total earnings, marital status, length of pay period, number of with holding exemptsons claimed |
| What W4 |
A form felled out by employee authorizing certain payroll deduction |
| Federal Insurance Contributions Act (FICA) |
know as social security, delerminea by |
| Accounts my be turned over to collection agency with in |
90 days an after you turn it into collection you can do any thing after that you have to let the collection agentcy handle that |
| Endoser |
person transferring ownership of check by singature or stampon back of check |
| Federal pepository |
most banks service as fed. pepositories for fed. tax accounts |
| Reconciliation Of Bank Account |
balancing a check book and sign bank statement |
| Endorsments |
blank endorsement, special endorsement |
| Aging Accounts |
classification by the person age |
| Statule of limitation |
a limint of time before taken action |
| Fair Debt Collection Act |
threat to take action when action can not be taken |
| Safe Deposit Box |
frie proof, lock, have important info |
| Third Party check |
unkown person to a patient |
| Blank Endorsement |
Bearer that payee sign own name |
| Specail endorsement |
specifying who endorser check payable to |
| Account receivable rato |
measure khow fast account are paid |
| Rules to follow do |
call 8am to 4pm, be resectful, full name, what you calling for |
Ch.18 LTI-MA 509
