Concise Communication Is Short and to the Point,expressing Ideas Clearly

question 45

True/False

Concise communication is short and to the point,expressing ideas clearly in the fewest possible words.

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Definitions:

FICA Withholding

Taxes deducted from employees’ paychecks for Social Security and Medicare, based on the Federal Insurance Contributions Act.

Federal Income Tax

The tax levied by the IRS on the annual earnings of individuals, corporations, trusts, and other legal entities.

FUTA Taxes

Federal Unemployment Tax Act (FUTA) taxes are federal employer taxes that contribute to state workforce agencies to fund unemployment benefits.

Tax Liability

The total amount of tax owed by an individual, corporation, or other entity to a taxing authority.