Some Companies Import Components,use Them in the Production of Their

question 31

Multiple Choice

Some companies import components,use them in the production of their end items,and ultimately export them to other countries.If a company wanted to import the components duty-free,use those components in the production of their end items,and then export them to other countries,they would most likely utilize a(n) :

• A)​Duty-free Territory
• B)​Foreign Trade Zone
• C)​International Cross Docking Zone
• D)​International Processing Center

---

Definitions:

Employer-sponsored Retirement Plan

A retirement savings plan offered by employers to their employees, often with matching contributions.

AGI

Adjusted Gross Income, which is gross income minus adjustments to income, serving as the basis for calculating taxable income.

Deductible Contribution

A contribution, typically to a retirement account, that can be subtracted from gross income to reduce taxable income.

Employer-sponsored Plans

Retirement or insurance plans offered to employees by their employer as a part of their benefits package.