The North American Industry Classification System (NAICS)classifies _____ to Include

question 67

Multiple Choice

The North American Industry Classification System (NAICS) classifies _____ to include all nonmanufacturing organizations except such industries as agriculture,mining,and construction.

• A)emerging markets
• B)service organizations
• C)marginal industries
• D)value-added industries

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Definitions:

FICA

FICA stands for the Federal Insurance Contributions Act and refers to the taxes collected to fund Social Security and Medicare programs in the United States.

SUTA

A state-level tax paid by employers to fund the state’s unemployment insurance program.

FUTA

The Federal Unemployment Tax Act, which imposes a payroll tax on employers to fund state workforce agencies.

FICA

Refers to the Federal Insurance Contributions Act tax, which is a United States federal payroll tax imposed on both employees and employers to fund Social Security and Medicare.