A Cooperative Is a Type of Business That Is Owned

question 73

Multiple Choice

A cooperative is a type of business that is owned by ________ who use its products or services.

• A)members
• B)shareholders
• C)directors
• D)partners

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Definitions:

Federal Income Tax

The tax levied by the Internal Revenue Service on the annual earnings of individuals, corporations, trusts, and other legal entities.

FICA Taxes

Taxes required by the Federal Insurance Contributions Act, funding Social Security and Medicare, assessed on both employers and employees.

Child Maltreatment

The abuse or neglect of a child, including physical, emotional, or sexual harm, as well as the failure to provide for a child's basic needs.

Economic Stress

The financial pressure experienced by individuals or households due to insufficient income, high expenses, or economic uncertainty.