In Terminating Employees, Managers Must Inform the Employees Honestly, Yet

question 56

True/False

In terminating employees, managers must inform the employees honestly, yet tactfully, of the exact reasons for the action.

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Definitions:

IRS

The Internal Revenue Service, the federal agency responsible for administering and enforcing U.S. federal tax laws.

Form 1040EZ

A simplified tax form previously used by the IRS for individuals with uncomplicated tax situations, now superseded by Form 1040.

Tax Liability

The total amount of tax owed by an individual or business to the governing tax authority.

Income Tax Withholding

The portion of an employee's wages withheld by the employer and sent directly to the government as partial payment of income tax.