The World Bank Makes Loans Primarily to

question 68

Multiple Choice

The World Bank makes loans primarily to

• A)nations without free markets, such as North Korea.
• B)developing nations.
• C)the United States.
• D)highly developed nations.

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Definitions:

SUTA

State Unemployment Tax Act; a tax paid by employers at a state level to fund unemployment benefits for workers who lose their jobs.

FUTA

The Federal Unemployment Tax Act, which imposes a payroll tax on businesses to fund state workforce agencies.

Wages Expense

The total cost incurred by a company for the payment of wages to employees during a specific period.

FICA Tax Rate

The percentage of income that is taken as tax to fund Social Security and Medicare, paid equally by employees and employers.