You Are in Charge of Orientation for New Employees Who

question 95

Essay

You are in charge of orientation for new employees who have just received their college degree.One of the agenda items is advice on how they should best shape their future.Explain what you would say.

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Definitions:

Alternative Minimum Tax

A parallel tax system designed to ensure that high-income individuals, corporations, estates, and trusts pay at least a minimum amount of tax.

Estimated Income Tax Payments

Payments made to the IRS on a quarterly basis by taxpayers who do not have their taxes withheld at source, to avoid underpayment penalties.

Fiscal Year-End

The end of a company's financial year, a critical date for accounting and financial reporting purposes.

Corporation

A legal entity that is separate and distinct from its owners, which can own assets, incur liabilities, and is taxed on its profits.