Twice as Warm Sells Gloves, Hats, and Scarves

question 34

Multiple Choice

Twice as Warm sells gloves, hats, and scarves. With every purchase, the company donates a new clothing item to a person in need in an effort to "spread warmth" to communities around the world. Twice as Warm's efforts indicate that the company has which of the following beliefs?

• A) its social obligations are met through the basic functioning of the business
• B) its responsibility is to produce quality goods, earn a profit, and provide jobs
• C) it has a responsibility to have a positive impact on society
• D) it has a responsibility to produce and market profitable products that society needs

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Definitions:

W-2

A form used in the United States to report wages paid to employees and the taxes withheld from them to the Internal Revenue Service (IRS).

1099 Form

An IRS tax form used to report various types of income other than wages, salaries, and tips.

Untaxed Income

Income that is not subject to taxation by the authorities.

1040EZ Form

A simpler version of the IRS tax form for individuals with straightforward financial situations, no longer in use as of the 2018 tax year.