The Following Expense Categories Are Particularly Significant During Growth Periods

question 22

Multiple Choice

The following expense categories are particularly significant during growth periods:

• A) research and development of markets.
• B) executive salaries.
• C) rent.
• D) entertaining potential customers.

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Definitions:

SUTA

State Unemployment Tax Act, which requires employers to contribute to the state unemployment insurance program.

Form 940

A form utilized by employers to declare their yearly tax under the Federal Unemployment Tax Act (FUTA) to the IRS.

FICA-OASDI

Federal Insurance Contributions Act - Old Age, Survivors, and Disability Insurance; a U.S. payroll tax that funds Social Security benefits.

Federal Income Tax

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