The Securities and Exchange Commission Decides to Create a New

question 40

Multiple Choice

The Securities and Exchange Commission decides to create a new rule relating to the dissemination of material nonpublic information through social media. The first step is

• A)compile the rule with others in the Code of Federal Regulations .
• B)draft the rule.
• C)publish a notice of the proposed rulemaking.
• D)solicit public comment.

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Definitions:

FUTA

Federal Unemployment Tax Act; a United States federal law that imposes a payroll tax on businesses to fund state workforce agencies.

SUTA

State Unemployment Tax Act, a U.S. federal law that imposes a payroll tax on employers to fund the unemployment compensation program.

Form 941

A tax form used by employers to report quarterly federal payroll taxes, including amounts withheld from employees' paychecks and the employer's portion of social security and Medicare taxes.

Social Security

Government program that provides financial assistance to people with an inadequate or no income.