________ Is Concerned with External Users of Information: Consumers Groups,unions,stockholders,and

question 109

Multiple Choice

________ is concerned with external users of information: consumers groups,unions,stockholders,and government agencies.

• A) Managerial accounting
• B) Government accounting
• C) Financial accounting
• D) Stock market accounting

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Definitions:

Taxpayer

A taxpayer is any person or entity that is obliged to pay taxes to a federal, state, or local government.

Medicare Taxes

Taxes deducted from earnings to fund the Medicare program, which provides healthcare benefits to eligible elderly and disabled individuals.

Withholding Allowances

A taxpayer's claim that reduces the amount of money that an employer deducts from their paycheck for taxes, based on personal or dependant status.

Withholding Allowances

Deductions allowed on a paycheck, used to be calculated to reduce the amount of income tax withheld from an employee's salary.