A Certificate of Cancellation Is a Document That Is Filed

question 11

True/False

A certificate of cancellation is a document that is filed with the secretary of state upon the dissolution of a limited partnership.

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Definitions:

FICA Tax

A U.S. federal payroll (or employment) tax imposed on both employees and employers to fund Social Security and Medicare—federal programs that provide benefits for retirees, disabled people, and children of deceased workers.

Federal Income Tax

A tax levied by the government on the annual income of individuals, corporations, trusts, and other legal entities.

Net Pay

The amount of an employee's earnings after all deductions, including taxes and retirement contributions, have been subtracted.

FICA Tax

A United States federal payroll tax that funds Social Security and Medicare, deducted from employees’ paychecks and matched by employers.