An Entrepreneur

question 108

Multiple Choice

An entrepreneur

• A) owns controlling interest in a company.
• B) manages a business that operates in more than one country.
• C) accepts the risk of starting and running a business.
• D) manages a business for someone else.

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Definitions:

Employee's Earnings Record

A detailed record maintained by employers showing each employee's total earnings, deductions, and net pay over a specific period.

Payroll Period

The time frame for which employee earnings are calculated and paid, such as weekly, bi-weekly, monthly.

Unemployment Tax Rate

A tax rate assigned to an employer, based on the number of unemployment claims filed by former employees, which funds unemployment compensation programs.

Federal Income Tax

A tax levied by the IRS on the annual earnings of individuals, corporations, trusts, and other legal entities.