_______________________ Is Not a Perceived Advantage of Radio Frequency Identification

question 9

Multiple Choice

_______________________ is not a perceived advantage of radio frequency identification (RFID) technology.

• A)Loss of personal privacy
• B)Reduced stock-outs
• C)Prevention of fraud or theft
• D)Lower distribution costs

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Definitions:

Payroll Tax Expense

Tax that a business must pay based on the wages and salaries of its employees, including social security, Medicare, and unemployment taxes.

FICA

The Federal Insurance Contributions Act, which funds Social Security and Medicare, requiring employers and employees to pay a percentage of earnings.

Look-Back Period

A period of time used to determine whether a business should make its Form 941 tax deposits on a monthly or semiweekly basis. The IRS defines this period as July 1 through June 30 of the year prior to the year in which Form 941 tax deposits will be made.

Form 941

A tax form used by employers to report federal withholdings from employee wages, including Social Security and Medicare taxes.