An Outline of the Actions an Organization Intends to Take

question 148

Multiple Choice

An outline of the actions an organization intends to take to accomplish its goals and objectives is called its

• A) policy.
• B) plan.
• C) organization function.
• D) mission.
• E) control function.

---

Definitions:

Interest Payers

Individuals or entities that owe interest on loans or debt instruments to other parties.

Form 1099-INT

A tax form used to report interest income from banks, brokerage firms, and other financial institutions during the tax year.

Form 1040EZ

A simplified federal income tax form for individual taxpayers with straightforward tax situations, no longer in use after the 2018 tax year.

Income Tax Withholding

The process by which employers deduct a portion of employees' wages to pay directly to the government as prepayment for the employees' income tax liabilities.