b. A form of healthcare. c. Payroll deductions. d. Paid time off.
56. Which gives rise to the requirement to accrue a liability for the cost of compensated absences?
a. Payment is probable. b. Employee rights vest or accumulate. c. Amount can be reasonably estimated. d. All of the above.
57. Under what conditions is an employer required to accrue a liability for sick pay?
a. Sick pay benefits can be reasonably estimated. b. Sick pay benefits vest. c. Sick pay benefits equal 100 % of the pay. d. Sick pay benefits accumulate.
58. Which of the following taxes does not represent a common payroll deduction?
a. Federal income taxes. b. FICA taxes. c. State unemployment taxes.