Match the Terms with the Definitions

question 37

Multiple Choice

Match the terms with the definitions.
-A number that identifies the employer on all payroll forms and reports filed with the IRS.

• A)Electronic Federal Tax Payment System (EFTPS)
• B)employer FICA taxes
• C)Employer Identification Number (EIN)
• D)Form W-2
• E)Form W-3
• F)Form 940
• G)Form 941
• H)FUTA (Federal Unemployment Tax Act) tax
• I)merit-rating system
• J)self-employment income
• K)self-employment tax
• L)SUTA (state unemployment tax) tax
• M)workers' compensation insurance

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Definitions:

Constraints

Conditions or limitations within which a system, process, or project must operate.

Market Value

The current price at which an asset or service can be bought or sold in a marketplace.

Net Realizable Value

The estimated selling price of goods, minus the costs of their completion and disposal, used in valuing inventory and accounts receivable.

Profit Margin

A financial metric representing the percentage of revenue that remains as profit after accounting for the cost of goods sold and other expenses.