Harrison, an employee of Saft Associates, Inc, has gross salary for March of $4,000
The entire amount is under the OASDI limit of $117,000 and thus subject to FICA. He is also subject to federal income tax at a rate of 18%. Harrison has a deduction of $320 for health insurance and $80 for United Way. Which of the following is included in the entry to record the disbursement of his net pay?
A) credit to Salaries and Wages Payable
B) debit to United Way Payable
C) debit to FICA Taxes Payable
D) credit to Cash
D
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Wendy has a $100,000 whole life participating policy. She recently married and is planning to have a family. She wants to increase her life insurance coverage but at minimal additional cost. Which of the following dividend options would be most suitable for her needs?
A) Allow dividends to accumulate at interest B) Apply dividends against premium payments C) Use dividends to buy 1-year term insurance D) Use dividends to buy paid-up additions"
________ refers to systems for providing effective and efficient communication with the customer from the entire organization
A) Analytical customer relationship management (CRM) B) Sales force automation C) Collaborative customer relationship management (CRM) D) Operational customer relationship management (CRM) E) Business intelligence