Employers Use Stock Ownership Incentive Plans to Increase Employee Ownership

question 127

True/False

Employers use stock ownership incentive plans to increase employee ownership in the company.

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Definitions:

Gross Pay

The gross income of an employee, which is the sum of all earnings before any deductions or taxes are applied.

Chief Executive Officer

The highest-ranking executive in a company, responsible for the overall operations, making major corporate decisions, and setting strategic goals.

FUTA Tax

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

SUTA Tax

State Unemployment Tax Act tax, a payroll tax that employers pay to fund their state's unemployment insurance.