Which of the Following Statements Is Not Correct

question 30

Multiple Choice

Which of the following statements is not correct?

• A)The SUTA tax protects employees against losses from job-related injuries or illnesses.
• B)The FUTA tax provides benefits for employees who become unemployed.
• C)The federal unemployment tax rate can be reduced by the rate charged by state for the state unemployment tax.
• D)The earnings base for the federal and state unemployment taxes are the same, the first $7,000 of an employee's earnings for the year.

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Definitions:

Materials Traceable

Raw materials or components that can be directly associated with a specific product or cost object in the manufacturing process.

Specific Products

Items or goods that have specific characteristics or purposes, distinguishing them from more general or broader categories of products.

Direct Costs

Expenses that can be directly tied to the production of specific goods or services, such as raw materials and labor directly involved in manufacturing.

Management Process

The series of actions and strategies that managers use to achieve organizational goals, including planning, organizing, leading, and controlling.