The American National Standards Institute (ANSI) Does Not Set Standards

question 67

True/False

The American National Standards Institute (ANSI) does not set standards, but maintains procedures for the development of national standards and accredits committees that follow those procedures.

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Payroll Information

Data related to the salaries, wages, bonuses, net pay, and tax deductions of an employer's employees.

Backup Withholding

A form of tax withholding on income for certain types of payments to ensure tax collection on income that may not otherwise be subject to regular withholding.

Taxpayer Identification Number

A unique identifier assigned to individuals and entities by the IRS or Social Security Administration, used for tax purposes.

U.S. Exempt Payee

A category used for certain entities or individuals that are exempt from tax withholding on certain types of income, as specified by the IRS.