Which of the Following Is NOT True About Maquiladoras

question 99

Multiple Choice

Which of the following is NOT true about maquiladoras?

• A) They export goods worth billions of dollars each year.
• B) They are foreign trade zones along Mexico's northern border.
• C) They import materials or parts from the United States without duties, perform some processing on them and export them back to the United States.
• D) They have shown little success because of the immense amount of paperwork involved.

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Definitions:

FICA-OASDI

Federal Insurance Contributions Act - Old Age, Survivors, and Disability Insurance; a U.S. payroll tax that funds Social Security benefits.

Federal Income Tax

A charge imposed by the national government on the yearly income of persons, businesses, trusts, and other legal bodies.

FICA-OASDI

Refers to the Social Security portion of the Federal Insurance Contributions Act tax, funding retirement, disability, and survivor benefits.

FUTA

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