It Is Mandatory for Both the Employer and Employee to Pay

question 133

Multiple Choice

It is mandatory for both the employer and employee to pay:

• A)FICA.
• B)SUTA.
• C)Employee income tax.
• D)Federal unemployment tax.

Understand the advantages of limited liability companies in combining liability protection and tax benefits.

Recognize different business formations and their implications on liability and tax.

Understand the taxation and liability structure for different types of business entities.

Recognize the process and requirements for a business operating in multiple states.

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Definitions:

Zeigarnik Effect

Deterioration of morale and performance when tasks begun are not completed, which can be prevented by assigning whole tasks and allowing sufficient time for completion.

Glass-Ceiling Effect

A metaphorical barrier that prevents certain groups, often women and minorities, from advancing beyond a certain level in hierarchies, particularly in corporate settings.

Leadership Training

Programs or activities designed to develop and enhance leadership skills and qualities in individuals.

Developing Others

The act of helping individuals grow and advance in their personal or professional skills and capacities.