review quiz

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1.
2 points
Credit allowed a customer for part of the sales price of merchandise that is not returned, resulting in a decrease in the vendor's accounts receivable

2.
2 points
The maximum amount of earnings on which a tax is calculated is withholding taxes


3.
2 points
A person or business to whom merchandise or services are sold.

4.
2 points
An organization with the legal rights of a person and which many persons may own.

5.
2 points
The total earnings paid to an employee after payroll taxes and other deductions.

6.
2 points
The total pay due for a pay period before deductions.

7.
2 points
A federal tax paid for old-age, survivors and disability insurance.

8.
2 points
A tax on a sale merchandise or service.

9.
2 points
A separate payroll checking account is used primarily to provide additional protection and control payroll payments.


10.
2 points
A sale in which cash is recived for the total amount of the sale at the time.