Why Are the B Vitamins Especially Important to an Athlete

question 24

Multiple Choice

Why are the B vitamins especially important to an athlete?

• A) Carbohydrates are a poor source of the B vitamins.
• B) During exercise large amounts of the B vitamins are lost in the urine.
• C) The B vitamins are directly involved in energy metabolism.
• D) Active athletes cannot eat a sufficient amount of Calories to meet the RDAs for the B vitamins.

Understand payroll tax obligations imposed on both employee and employer.

Identify and differentiate between types of contingencies and their treatment in financial statements.

Understand the criteria for classifying liabilities as current or long-term.

Distinguish between accounting practices for contingencies under GAAP and IFRS.

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Definitions:

FICA Taxes

Taxes collected under the Federal Insurance Contributions Act that fund Social Security and Medicare programs.

Regressive

Pertaining to a tax system in which the tax rate decreases as the taxable amount increases, commonly considered less fair because it imposes a heavier burden relative to income on those with less.

Progressive

Pertaining to a taxation system in which the tax rate increases as the taxable amount increases, imposing a higher percentage rate on the wealthy to ensure equity.

Consumption Tax

A tax on the purchase of goods or services, levied at the point of sale, designed to tax spending rather than income or savings.