Which of the Following Taxes Is Not Subject to a Maximum

question 13

Multiple Choice

Which of the following taxes is not subject to a maximum amount per employee per year?

• A)State unemployment tax
• B)Federal unemployment tax
• C)Social security tax
• D)Medicare tax

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Definitions:

Net Present Value

The difference between the present value of cash inflows and outflows over a period of time; used in capital budgeting to analyze the profitability of a projected investment or project.

Foreign Currency

Foreign Currency denotes any currency other than the home currency of a country, used in international trade and investment.

Receivables Balance

The total amount of money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Average Collection Period

The average number of days it takes for a business to receive payments owed by its customers for goods or services sold on credit.