Match Each Payroll Item That Follows to the One Item

question 35

Multiple Choice

Match each payroll item that follows to the one item (a-f) that best describes its characteristics.
-Federal unemployment compensation tax (FUTA)

• A)Amount is limited, withheld from employee only
• B)Amount is limited, withheld from employee and matched by employer
• C)Amount is limited, paid by employer only
• D)Amount is not limited, withheld from employee only
• E)Amount is not limited, withheld from employee and matched by employer
• F)Amount is not limited, paid by employer only

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Definitions:

Ceiling Price

A government-imposed maximum price on goods or services, intended to prevent prices from rising above a certain level.

Product Shortage

A situation where the demand for a product exceeds its supply in the market.

Legal Ceiling Price

A maximum price set by government regulation that sellers are allowed to charge for a good or service, intended to protect consumers from excessive pricing.

Equilibrium Price

The rate at which the amount of a product supplied matches the amount of the product demanded.