The health insurance premiums that many employers require employees to pay as their share for the cost of health insurance are called:
A) mandatory deductions.
B) tax withholdings.
C) voluntary deductions.
D) none of the above
Answer: C
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Which of the following statements is true of expenses?
A) Expenses increase equity, so an expense account's normal balance is a credit balance. B) Expenses decrease equity, so an expense account's normal balance is a credit balance. C) Expenses increase equity, so an expense account's normal balance is a debit balance. D) Expenses decrease equity, so an expense account's normal balance is a debit balance.
Use the information in Table 10.3. Use a chase strategy with hiring and layoffs but no overtime. How many workers will be hired in month 3?
A) fewer than or equal to zero B) greater than zero but fewer than or equal to 10 C) greater than 10 but fewer than or equal to 20 D) greater than 20