Examlex
When large U.S.software companies like IBM and Microsoft open facilities in India to take advantage of the highly skilled labor available there at lower pay rates,they are engaging in:
Chief Executive Officer
The highest-ranking executive in a company, responsible for the overall operations, making major corporate decisions, and setting strategic goals.
FUTA Tax
The Federal Unemployment Tax Act (FUTA) tax is a payroll tax paid by employers to help fund state workforce agencies.
SUTA Tax
State Unemployment Tax Act tax, a payroll tax that employers pay to fund their state's unemployment insurance.
Sales Taxes Payable
The liability account used to record the sales tax collected from customers by a seller, which is due to be paid to the government.
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