In the United States,the Payroll Tax Is Also Called a

question 41

Multiple Choice

In the United States,the payroll tax is also called a

• A)dividend income tax.
• B)social insurance tax.
• C)value added tax.
• D)capital gains tax.

Identify the sources of a leader's power including position power and its situational aspects.

Comprehend the significance of both upward and lateral influence for a leader in securing benefits and resources, and effectively representing team interests.

Acknowledge the impact of external constraints such as labor laws on leadership decisions and actions.

Appreciate the role of task and external behaviors in ensuring coordination within and outside the leader's work unit.

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Definitions:

Total Wages Paid

The aggregate amount of wages or salaries disbursed by an employer to its employees over a given period.

FUTA Tax

The Federal Unemployment Tax Act (FUTA) tax is a payroll tax paid by employers to fund state workforce agencies and unemployment insurance.

State Unemployment Taxes

Taxes paid by employers to their state government to fund unemployment insurance benefits for workers who have lost their jobs.

Payroll Tax

Taxes imposed on employers or employees, usually calculated as a percentage of the salaries that employers pay their staff.