An Acceptance of an Offer Applies When and Where It

question 45

True/False

An acceptance of an offer applies when and where it is received except when it is communicated by telephone.

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Definitions:

Social Security Tax

A mandatory tax levied on both employers and employees to fund the Social Security program.

Medicare Tax

A federal tax that funds Medicare, a health care program for individuals who are 65 and older, which is deducted from employees' paychecks.

State Unemployment Tax

Taxes imposed by states on businesses to fund state unemployment insurance programs.

Salaries Payable

An account that represents the total amount of wages earned by employees, but not yet paid by the employer.