A Small Company Has 7 Employees

question 54

Multiple Choice

A small company has 7 employees.The numbers of years these employees have worked for this company are shown as follows: Based upon this information,the median number of years that employees have been with this company is:

• A)9 years.
• B)16 years.
• C)10 years.
• D)14 years.

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Definitions:

Limited Liability Company

A company organization style that merges the protective limited liability of corporations with the advantageous pass-through taxation of sole proprietorships or partnerships.

State Law

consists of the laws and regulations enacted by the legislative bodies of individual states.

Passed Through

A term often used in finance and taxation to describe income, losses, or tax benefits transferred from one entity to another, such as in a pass-through entity.

Limited Liability Company

A business configuration that combines the beneficial limited liability of a corporation with the pass-through taxation system of partnerships or sole proprietorships.