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Which of the Following Statements Does NOT Correctly Describe Independent

question 52

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Which of the following statements does NOT correctly describe independent agencies?


Definitions:

Federal Income Tax

A charge imposed by the national government on the yearly income of persons, businesses, trusts, and other legal bodies.

FICA-OASDI

Refers to the Social Security portion of the Federal Insurance Contributions Act tax, funding retirement, disability, and survivor benefits.

FUTA

The Federal Unemployment Tax Act, legislation that imposes a payroll tax on businesses to fund state workforce agencies.

SUTA

Refers to the State Unemployment Tax Act, a tax imposed by individual states on employers to fund unemployment benefits.

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