A Union's Major Source of Power Is Its

question 320

Multiple Choice

A union's major source of power is its

• A)high-profile leadership.
• B)ability to increase productivity.
• C)ability to threaten a strike.
• D)ability to deny employers the opportunity to bargain over wages.

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Definitions:

Federal Income Tax

The tax levied by the U.S. federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.

State Unemployment Tax

A tax that employers are required to pay to their state government to fund unemployment benefits for workers who have lost their jobs.

Payroll Tax Expense

This refers to the taxes that an employer is responsible for paying on behalf of its employees, which generally include social security and Medicare taxes.

FICA Taxes Payable

Taxes owed by an employer, employee, or both, to the Federal Insurance Contributions Act for Social Security and Medicare.