A(n)____ Activity Is One That Happens on a Regular Basis

question 4

Multiple Choice

A(n) ____ activity is one that happens on a regular basis.

• A) impending
• B) upcoming
• C) repetitious
• D) recurring

Identify and distinguish between employer and employee contributions to taxes and benefits.

Know the filing procedures and purposes of payroll tax forms such as Form 940 and W-3.

Calculate taxes withheld from employee earnings, including federal income tax, state income tax, FICA-OASDI, and FICA-Medicare.

Calculate total employer's payroll tax liability.

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Definitions:

Negligently Designed

Refers to a product that was created without due care, leading to a potential risk of harm to the user.

Implied Warranty

An unwritten guarantee that the product sold meets certain criteria for usability and satisfaction.

Merchantability

A warranty, often implied by law, that goods sold are fit for the general purpose for which they are sold.

Fitness for a Particular Purpose

A legal warranty implying that a sold good is suitable for the specific use intended by the buyer, as made known to the seller at the time of purchase.