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unit 4 revew

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QuestionAnswer
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
Created by: tymikas
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