Choose the Word or Phrase in [ ] Which Will

question 134

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-The common name for Federal Insurance Contribution Act payments is [income taxes | social security].

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Definitions:

Long-term Investments

Assets held for more than one year, including stocks, bonds, real estate, and other financial investments.

Current Operations

Activities related to the primary business objectives that generate revenue within the current fiscal period.

Controlling Influence

The power to govern the financial and operating policies of an entity to benefit from its activities.

Parent

In the context of business, a parent company is one that owns enough voting stock in another corporation to control its board of directors and therefore its operations and policies.