The Financial Results for a Public Company Are Generally First

question 46

Multiple Choice

The financial results for a public company are generally first reported in a:

• A)press release issued one day after the accounting period ends.
• B)press release issued on the same day as the quarterly or annual report.
• C)quarterly or annual report issued a week or two after the accounting period ends.
• D)press release issued a few weeks after the accounting period ends.

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Definitions:

FICA Tax Rate

The combined rate for Social Security and Medicare taxes that employers and employees must pay on wages.

OASDI

Old-Age, Survivors, and Disability Insurance, a comprehensive federal benefits program that includes retirement, disability, and survivors benefits.

State Income Tax

A tax levied by a state on the income of its residents and businesses operating within its jurisdiction.

Federal Income Tax

The annual income of individuals, corporations, trusts, and other legal organizations is subject to taxation by the IRS.