Which of the following types of payments made by a private organization would be subject to all...
Question:
Which of the following types of payments made by a private organization would be subject to all statutory deductions?
a) Signing bonus
b) Death benefits
c) Directors' fees
d) None of the above
Statutory Deductions:
The deductions made compulsory by the law is known as the statutory deductions. As per the law, the companies are requested to withhold the deductions form the employee's payment.
Answer and Explanation: 1
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View this answerThe correct option is
c) Directors' fees
Director's fees payments made by a private organization would be subject to all statutory deductions....
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Statutory Law: Purpose & Creation
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Chapter 9 / Lesson 3
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Learn about statutory law. Understand what statutory law is, learn what is the goal of statutory law, and examine the process through which statutory law is created.
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