An Offer That Has Been Revoked Does Not Exist Anymore

question 31

True/False

An offer that has been revoked does not exist anymore and cannot be accepted.

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Definitions:

FUTA Tax

The Federal Unemployment Tax Act (FUTA) tax is a payroll tax paid by employers to help fund state workforce agencies.

SUTA Tax

State Unemployment Tax Act tax, a payroll tax that employers pay to fund their state's unemployment insurance.

Sales Taxes Payable

The liability account used to record the sales tax collected from customers by a seller, which is due to be paid to the government.

Cash Sales

Transactions in which goods or services are paid for and received at the time of the sale, using cash or equivalent.