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Which of the Following Statements About Child Care and Socioeconomic

question 111

Multiple Choice

Which of the following statements about child care and socioeconomic status is true?

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Definitions:

Estimated Taxes

Periodic advance payments of taxes on income that is not subject to withholding, such as earnings from self-employment, interest, dividends, and rental income.

FUTA Tax

Federal Unemployment Tax Act tax, a payroll or employment tax paid by employers to fund state workforce agencies.

Withholding Allowances

A specified number on an employee's W-4 form that reduces the amount of money withheld from their paycheck for taxes.

Semimonthly Payroll

A payroll schedule where employees receive their wages twice a month, often on predetermined dates.

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