A Payroll Tax Is a

question 219

Multiple Choice

A payroll tax is a

• A)fixed number of dollars that every firm must pay to the government for each worker that the firm hires.
• B)tax that each firm must pay to the government before the firm can hire workers and operate its business.
• C)tax on the wages that firms pay their workers.
• D)tax on all wages above the minimum wage.

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Definitions:

Dissenting Shareholders

Shareholders who disagree with certain corporate actions, such as mergers, and have rights that can protect their interests, including the right to receive fair payment for their shares.

Monetary Compensation

Financial payment made to compensate for loss, injury, or suffering.

Right to Vote

The entitlement of individuals to participate in the election of government officials and in making decisions in referendums.

Shareholder Approval

A form of consent required from shareholders before a company can undertake certain corporate actions.