Which of the Following Is LEAST Likely to Be Considered

question 70

Multiple Choice

Which of the following is LEAST likely to be considered when OSHA calculates a penalty?

• A) size of business
• B) compliance history
• C) gravity of violation
• D) legal representation

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Definitions:

Current Tax Liability

The amount of income taxes a company expects to pay within the current year, based on its taxable income.

Tax Payable

The amount of tax liability a company owes to the taxing authorities at a point in time.

Statement

A formal account or declaration of financial activities, transactions, positions, or performance of an entity for a specific period.

Financial Position

A snapshot of what a company owns and owes, or its assets and liabilities, at a specific point in time.