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maksim [4K]
3 years ago
6

Which of the following is NOT a benefit of using direct deposit for your paycheck or state/federal benefits?

Business
1 answer:
Nikolay [14]3 years ago
6 0

Answer:

The incorrect statement is letter "A": Reduces the amount of taxes deducted from your paycheck.

Explanation:

Direct deposit is one of the most used methods of payroll payment companies handle nowadays. Money is transferred from the employers' bank account to the accounts of the employees safely allowing them to receive their salaries and have it available already in their accounts. Direct deposit reduces the risks of fraud while using checks for salary payments and avoids employees having to go to a bank branch to have their checks cashed.

When it comes to <em>deductions</em>, the keep the regular system as per with checks implying the amount received in the check will be the same as the deposit made to a bank.

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ranfield Company is considering eliminating its backpack division, which reported an operating loss for the recent year of $42,0
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If discontinued, then their operating income will decrease by 168,800

It is a better deal to continue the backpack division active.

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sales                  960,000

variable cost    (475,000)

contribution      485,000

fixed cost          (527,000)

loss                     (42,000)

if Dropped

40% of fixed cost are unavoidable

527,000 x 40% = (210,800)

Difference: 42,000-210,800 = (168,800)

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