answersLogoWhite

0


Best Answer

Pecuniary

User Avatar

Mertie Ferry

Lvl 10
2y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Liability refers to a financial liability brought on by a loss that has resulted from illegal improper or incorrect payments?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Accounting

A financial liability brought on by a loss that has resulted from illegal improper or incorrect payments refers to a?

Pecuniary


Are accountable officials are pecuniary liable for illegal improper or incorrect payments as a result of negligent performance of accountable official duties?

Yes


What is an example of control risk in auditing?

Improper segregation of dutiesInadequate training to perform functionImproper upper level management reviewdouble payment of invoices


What is a selective sales tax?

This is a sales tax on specific items, such as cigarettes or alcoholic beverages. These may also be referred to as "sin taxes", under the conservative Christian belief that smoking and drinking are improper vices.


How do you file a 1099-misc when you receive a w-2 and a 1099-misc form for nonemployee compensation for unused vacation and sick days from my former employer?

The 1099 is incorrect and you should have them correct it = don't argue much because they are either foolish or intentional trying to get away with something, so if they refuse with some line of BS, just contact the IRS over improper reporting. The income the employer is paying you is earned income by you from them....and clearly even by what it is for (sick pay), directly from employment. It must be part of the W-2. The fact you are no longer an employee is totally irrelevant. They are doing this to try and escape paying their portion of FICA and benefits (maybe even unemployment) on it, most of which you will be obligated to now.

Related questions

What liability refers to a financial liability brought on by a loss that has resulted from illegal improper or incorrect payments?

Pecuniary


A financial liability brought on by a loss that has resulted from illegal improper or incorrect payments refers to a?

Pecuniary


What is a Certifying Officer's Maximunm level of percuniary liability with regards to erroneous payments?

A Certifying Officer's maximum level of pecuniary liability for erroneous payments is typically limited to the amount of the payment made. They could be held personally liable for the amount if they knowingly or negligently authorized a payment that was improper or not supported by adequate documentation.


What a synonym for improper?

Incorrect, Inappropriate


Is 8 over 4is not an improper fraction is he correct?

8/4 is an improper fraction, he is incorrect.


What does incorrect mean?

It means: Not correct; erroneous or wrong: an incorrect answer. Defective; faulty: incorrect programming of the computer. Improper; inappropriate: incorrect behavior.


What is improper in a sentence?

An improper sentence may have incomplete thoughts, lack subject-verb agreement, contain run-on sentences, or have unclear meaning due to poor grammar or punctuation. It fails to convey the intended message effectively and can be confusing for the reader to understand.


Are accountable officials pecuniary liable for illegal improper or incorrect payments as a result of negligence performance of Accountable Official duties?

Yes, accountable officials can be held pecuniary liable for illegal, improper, or incorrect payments that occur as a result of negligence in performing their duties. They have a responsibility to ensure that payments are made in accordance with the law and regulations, and any failures to do so may result in financial penalties or other legal consequences.


What are the effects of improper way of getting blood pressure?

If you get an incorrect BP, the medication given (if needed) will be incorrect. These meds are not without side effects.


What is the prefix of appropriate?

Blemished has a prefix and it is: unblemished s


What is the improper fraction of 5 over 3?

The Improper Fraction is 5/3 . The use of the term 'top heavy' is incorrect; 'Improper' is the correct term for a fraction where the numerator is greater than the denominator.


Who is at fault in a rear-end collision?

Invariably the person who drove into the back of your car is responsible. They should have followed at a safe distance. You can be liable if you performed an improper lane change.Sometimes legal liability in the UK for a rear end shunt can be a little more complex especially if more than one vehicle is involved - such in a row of stationary or moving cars shunted forward. See the related link entitled "rear end shunt" to see examples of various rear end collisions and a discussion of legal liability for each.