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Chapter 11 - Current Liabilities and Payroll

Across
A multicolumn report used to assemble and summarize payroll data at the end of each payroll period
Cash and other current assets that can be quickly converted to cash, such as marketable securities and receivables
A company’s ability to pay its current liabilities.
The total amount paid to employees for a certain period
Liabilities that may arise from the past transactions if certain events occur in the future.
The total earnings of an employee for a payroll period
A detailed record of each employee’s earnings.
Gross pay less payroll deductions the amount the employer is obligated to pay the employee
Down
A pension plan that promises employees a fixed annual pension benefit at retirement, based on years of service and compensation levels.
A pension plan that requires a fixed amount of money to be invested on the employee’s behalf during the employee’s working years.
Benefits provided to employees in addition to wages and salaries
A financial ratio that measures the ability to pay current liabilities with quick assets
A cash payment to retired employees
Federal Insurance Contributions Act tax used to finance federal programs for old-age and disability benefits (social security) and health insurance for the aged (Medicare)