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When It's Not Practical or Possible to Survey an Entire

question 12

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When it's not practical or possible to survey an entire population to collect needs assessment data:

Understand and apply the correct procedures for calculating federal unemployment (FUTA) taxes and credits.
Learn IRS withholding requirements including the backup withholding rate.
Comprehend the rules for tax deposits schedules and their effects on employers.
Identify the correct use of forms related to tax reporting and withholding.

Definitions:

Expected Values

The predicted average of all possible outcomes of a random variable, weighted by their probabilities.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set.

Mean Values

Statistical measures representing the average value in a set of data, calculated by summing all observations and dividing by the number of observations.

Individual

A single human being as distinct from a group, class, or family.

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