A Merit Rating

question 98

Multiple Choice

A merit rating:

• A)Is assigned by the state.
• B)Reflects a company's stability or instability in employing workers.
• C)Adjusts the employer's SUTA tax rate.
• D)Affects state unemployment taxes paid by an employer.
• E)All of the choices are correct.

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Definitions:

Cancellation Form

Under the Federal Trade Commission’s Cooling-Off Rule, a document that can be filled out to terminate an order for consumer goods or services made at the buyer’s home for consumer goods or services valued at $25 or more.

Truth-in-Lending Act

A U.S. federal law designed to promote informed use of consumer credit by requiring disclosures about its terms and cost.

Unauthorized Charges

Expenses made to a credit card, bank account, or other financial account without the account holder’s approval or knowledge.

Credit Card

A payment card issued by financial institutions allowing the cardholder to borrow funds for purchases or cash advances.