Which of the Following Are Included in the Employer's Payroll

question 12

Multiple Choice

Which of the following are included in the employer's payroll taxes?

• A) ​SUTA taxes
• B) ​FUTA taxes
• C) social security taxes
• D) ​all are included in employer taxes

Understand the basic legal nature and powers of corporations, including implied powers.

Recognize the requirements and implications of corporate naming conventions and incorporation.

Identify different structures and types of corporations in various jurisdictions.

Explain the legal concept of a corporation as a separate legal entity and its implications.

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Definitions:

Diminishing Returns

A principle in economics that states as one input variable is incrementally increased, there comes a point when the rate of resultant output begins to decrease.

Variable Inputs

Inputs, such as labor and materials, whose usage changes according to the level of production.

Economies Of Scale

Cost advantages reaped by companies when production becomes efficient, as the scale of operation increases, leading to a reduction in average cost per unit.

Specialization

The focus of a business or individual on a limited scope of products or skills, allowing for increased efficiency and expertise.