Choose the International Organization Based in Geneva,Switzerland,that Was Created in 1995

question 27

Multiple Choice

Choose the international organization based in Geneva,Switzerland,that was created in 1995 by the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) ,which deals with the rules of trade between nations.

• A)The European Union
• B)The World Trade Organization
• C)The World Bank
• D)The Association of Southeast Asian Nations
• E)The Asia-Pacific Economic Cooperation

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Definitions:

FICA Tax

The Federal Insurance Contributions Act (FICA) tax is a payroll tax in the United States that is required from both employers and employees to support Social Security and Medicare programs.

Federal Income Tax

A tax levied by the federal government on an individual's or corporation's annual income.

Withholding Allowance

A provision allowing employees to reduce the amount of income tax withheld from their paycheck, based on their personal allowances and deductions.

Gross Earnings

Total income earned by an individual or entity before any deductions or taxes.