What Is the Major Difference Between the Unadjusted Trial Balance

question 197

Multiple Choice

What is the major difference between the unadjusted trial balance and the adjusted trial balance?

• A) The adjusted trial balance will show the net income (loss) as an additional account.
• B) Unlike the adjusted trial balance, the unadjusted trial balance will continue with the end-of-period processing even if it is not in balance.
• C) The adjusted trial balance includes the postings of the adjustments for the period in the balance of the accounts.
• D) The adjusted trial balance will be used to record the adjustments for the period.

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Definitions:

SUTA Tax Rate

The state unemployment tax rate businesses must pay, varying by state and affecting employer contributions to state unemployment funds.

Unemployment Taxes

Taxes imposed on employers by the government, intended to fund unemployment benefits for workers who have lost their jobs.

FUTA Tax Rate

The FUTA (Federal Unemployment Tax Act) Tax Rate is the percentage of taxable income employers are required to pay to fund state workforce agencies.

SUTA Tax Rate

The state unemployment tax rate, which employers must pay to fund the state's unemployment insurance program.