INSTRUCTIONS: Choose the Word or Phrase in [ ] That

question 101

Short Answer

INSTRUCTIONS: Choose the word or phrase in [ ] that will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
Fifty shares of stock would constitute [ an odd lot | a round lot ].

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Definitions:

FUTA Taxes

Federal Unemployment Tax Act taxes are paid by employers to fund the unemployment account of the federal government.

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.