Match Each Description to the Appropriate Term (A-D)

question 200

Multiple Choice

Match each description to the appropriate term (a-d) . Answers may be used more than once.
-Insurance expired on factory equipment

• A)Direct materials
• B)Selling and administrative expense
• C)Factory overhead
• D)Direct labor

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Definitions:

Form 1040EZ

A simplified tax form for individual federal income tax returns filed with the IRS, designed for taxpayers with basic tax situations.

Tax Tables

Charts provided by the IRS that display tax rates and thresholds for different filing statuses and income levels to calculate tax liability.

Sixteenth Amendment

An amendment to the U.S. Constitution that allows Congress to levy an income tax without apportioning it among the states or basing it on the U.S. Census.

U.S. Constitution

The supreme law of the United States that establishes the national government's framework and the fundamental rights of its citizens.