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The Position Statement Applies to Classrooms and Programs for

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The position statement applies to classrooms and programs for

Describe the characteristics of motivational goals and the concept of goal orientation, including its types.
Understand the importance of choosing the right banker or lender, and the role of a good banker.
Recognize the legal liabilities and responsibilities of directors and officers in a company.
Identify strategies for marshaling resources, including bootstrapping.

Definitions:

Monthly Schedule Depositors

Taxpayers who are required to deposit certain types of taxes on a monthly basis.

Semiweekly Schedule Depositors

Employers who are required to deposit employment taxes semiweekly based on the schedule determined by the IRS.

FICA Taxes

Taxes imposed by the Federal Insurance Contributions Act on both employees and employers to fund Social Security and Medicare.

Federal Withholding

The process by which an employer withholds a portion of an employee's income to cover federal income taxes.

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