Like E-Mail Messages, Memos Can Be Used to Communicate Within

question 83

True/False

Like e-mail messages, memos can be used to communicate within an organization and with external customers, companies, and organizations.

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Definitions:

FICA Tax

Federal Insurance Contributions Act tax; a U.S. payroll tax funding Social Security and Medicare, paid by both employees and employers.

Federal Income Tax

A tax levied by the United States federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.

Medical Insurance

Insurance that reimburses the costs associated with medical and surgical care received by the insured individual.

Withholding Allowance

A claim made by employees on the W-4 form to reduce the federal income tax withheld from their paycheck.