Asked by
Mes Sire Brenato
on Dec 10, 2024Verified
An individual's status determines how to record payment to that individual. Which of the following status and payment methods is incorrect?
A) Vendor; Bill
B) Employee; Payroll
C) Stockholder; Dividend
D) None of the choices are correct
Stockholder
An individual or entity that owns one or more shares of stock in a public or private corporation, thereby having ownership interests.
Vendor
An individual or company that supplies goods or services to a business, often playing a key role in the supply chain.
Payment Methods
Various ways through which businesses or individuals can settle transactions, including cash, credit/debit cards, electronic funds transfer, and checks.
- Understand the obligations related to payroll taxes for both employers and employees.
Verified Answer
MM
Learning Objectives
- Understand the obligations related to payroll taxes for both employers and employees.