What Are the Different Varieties of COTS Software? Give an Example

question 6

Essay

What are the different varieties of COTS software? Give an example for each of them.

---

Definitions:

Payroll Taxes

Taxes that are withheld from employees’ salaries or wages by the employer and paid directly to the government. These can include income tax, social security, and Medicare taxes.

Federal Income Taxes

Federal income taxes are the taxes levied by the federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.

Maximum Amount

The highest allowable or attainable value, level, or quantity of something.

Federal Unemployment Taxes

Taxes imposed on employers to fund state workforce agencies and unemployment insurance.