Art Parrish,the Sole Employee of Parrish Sales,has Gross Salary for March

question 47

True/False

Art Parrish,the sole employee of Parrish Sales,has gross salary for March of $4,000.The entire amount is under the OASDI limit of $106,800,and thus subject to FICA.The total amount of FICA that the company pays to the government on Art Parrish's behalf is $612.

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Definitions:

Peterson and Peterson

Researchers known for their work on the duration of short-term memory, especially the experiment demonstrating rapid forgetting without rehearsal.

Rehearsal

A practice session in preparation for a public performance (as of a play or speech) or procedure.

Chunking

Chunking is a process of breaking down larger pieces of information into more manageable, smaller units, making it easier to remember and process.

Short-Term Memory Capacity

The amount of information that can be held in the mind for a brief period of time, typically seconds to minutes.