Problem 2 Indicate whether the following statements are true or false and explain why: a. If...

 

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Problem 2 Indicate whether the following statements are true or false and explain why: a. If a company is a mom and pop operation, it would be acceptable under current tax laws to pay employees in cash with no withholding. b. An employee's immediate supervisor should hold a check for the employee if he or she is taking a leave of absence. c. Duties regarding the payroll process should be segregated to ensure that proper pay- roll procedures are followed. d. The labor force master list should be under the control of the human resources department. e. Time clocks are a great way to ensure the proper recording of time worked. f. Employees' wage rates are provided to payroll by the marketing department. Problem 2 Indicate whether the following statements are true or false and explain why: a. If a company is a mom and pop operation, it would be acceptable under current tax laws to pay employees in cash with no withholding. b. An employee's immediate supervisor should hold a check for the employee if he or she is taking a leave of absence. c. Duties regarding the payroll process should be segregated to ensure that proper pay- roll procedures are followed. d. The labor force master list should be under the control of the human resources department. e. Time clocks are a great way to ensure the proper recording of time worked. f. Employees' wage rates are provided to payroll by the marketing department. Problem 2 Indicate whether the following statements are true or false and explain why: a. If a company is a mom and pop operation, it would be acceptable under current tax laws to pay employees in cash with no withholding. b. An employee's immediate supervisor should hold a check for the employee if he or she is taking a leave of absence. c. Duties regarding the payroll process should be segregated to ensure that proper pay- roll procedures are followed. d. The labor force master list should be under the control of the human resources department. e. Time clocks are a great way to ensure the proper recording of time worked. f. Employees' wage rates are provided to payroll by the marketing department. Problem 2 Indicate whether the following statements are true or false and explain why: a. If a company is a mom and pop operation, it would be acceptable under current tax laws to pay employees in cash with no withholding. b. An employee's immediate supervisor should hold a check for the employee if he or she is taking a leave of absence. c. Duties regarding the payroll process should be segregated to ensure that proper pay- roll procedures are followed. d. The labor force master list should be under the control of the human resources department. e. Time clocks are a great way to ensure the proper recording of time worked. f. Employees' wage rates are provided to payroll by the marketing department.

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a False All companies regardless of size are required to withhold taxes from employee paychecks b Fa... View the full answer