In General,which of the Following Is an Available Method of Complying

question 9

Multiple Choice

In general,which of the following is an available method of complying with a state's workers' compensation statute?

• A) Maintenance of a contingency fund by the employee
• B) Participation in the state insurance fund by the employer
• C) Participation in a federal insurance fund by the employee
• D) Purchase of private insurance by employees

---

Definitions:

FICA

Federal Insurance Contributions Act; a United States federal payroll tax imposed on both employees and employers to fund Social Security and Medicare.

Federal Income Taxes

Taxes imposed by the federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.

Form 941

A U.S. tax form used by employers to report quarterly federal payroll taxes.

Note Payable

A written promise to pay a specified amount of money, usually with interest, by a certain date, representing a liability.