A Distinguishing Characteristic of an Investment Center Is That

question 26

Multiple Choice

A distinguishing characteristic of an investment center is that

• A) revenues are generated by selling and buying stocks and bonds.
• B) interest revenue is the major source of revenues.
• C) the profitability of the center is related to the funds invested in the center.
• D) it is a responsibility center which only generates revenues.

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Definitions:

Social Security Tax

A tax that finances the Social Security program, providing benefits for retirees, the disabled, and survivors of deceased workers.

Medicare Tax

Medicare Tax is a federal tax that funds the Medicare program, typically deducted from an employee's paycheck to provide healthcare benefits to individuals aged 65 and older.

Time And A Half

Time and a half refers to the pay rate that is 1.5 times higher than the normal rate, usually applied to hours worked beyond the standard workweek.

Net Pay

The amount of money that an employee receives after deductions such as taxes and social security contributions have been subtracted from their gross salary.