Rounding the Number 200.601 to Three Significant Figures

question 100

Multiple Choice

Rounding the number 200.601 to three significant figures

• A) gives 199.
• B) gives 200.
• C) gives 200.601
• D) gives 201.
• E) cannot be done.

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Definitions:

FUTA Tax Payable

A liability representing the federal unemployment tax that employers must pay on behalf of their employees to the IRS.

Payroll Tax Expense

The cost incurred by employers for taxes assessed on employee wages, including social security and medicare taxes.

Payroll Checking

A dedicated bank account used by businesses specifically for managing and issuing payroll to employees.

Contra-Asset

An account on the balance sheet that reduces the value of an associated asset, such as accumulated depreciation.