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According to the First Amendment, Only the Federal Government Can

question 44

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According to the First Amendment, only the Federal Government can make laws that affect media industries.


Definitions:

FUTA Taxes

Federal Unemployment Tax Act (FUTA) taxes are federal employer taxes that contribute to state workforce agencies to fund unemployment benefits.

Tax Liability

The total amount of tax owed by an individual, corporation, or other entity to a taxing authority.

Quarter

A three-month period on the financial calendar that corporations use to report their earnings and performance, commonly divided into Q1, Q2, Q3, and Q4.

Semiweekly Schedule Depositor

A designation for businesses that must deposit employee withholding taxes and employer taxes on a semiweekly basis.

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