Which of the Following Is Correct

question 18

Multiple Choice

Which of the following is correct?

• A) FUTA requires employers and employees to make a tax contribution.
• B) FICA is a state law that funds Medicare programs.
• C) WOTC allows employers to have a tax credit for hiring unemployed veterans.
• D) ACA provides better coverage than Obamacare.

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Definitions:

Factory Overhead

All indirect costs associated with manufacturing, excluding direct materials and direct labor, such as utilities, rent, and salaries for managers.

Direct Labor

The labor costs directly traceable to the production of goods, including wages of workers on the production line.

Factory Overhead

All manufacturing costs that are not directly related to the production of goods, including costs associated with operating the factory.

Overhead Costs

Fixed and variable costs incurred in the operation of a business that do not directly contribute to the production of goods or services.