Match the Terms with the Definitions

question 44

Multiple Choice

Match the terms with the definitions.
-A tax levied on employers to raise funds to administer the federal/state unemployment compensation program.

• 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

Understand the importance of conciseness and reader-centeredness in business communication.

Identify and differentiate between effective and ineffective features of business communication.

Recognize the role of cultural sensitivity and clear language when communicating with non-English speakers.

Appreciate the value of excellent writing and communication skills in professional careers.

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Definitions:

General Partners

Individuals in a partnership who share unlimited personal liability for the debts and obligations of the business, and who typically take part in managing the operations of the partnership.

Written Partnership Agreement

A legal document outlining the terms, conditions, and operational aspects of a partnership between two or more individuals or entities.

Limited Partnership

A business arrangement where one or more 'general partners' manage the business and are personally liable for debts, while 'limited partners' contribute capital and share in profits but have limited liability.

Sharing Profits

The distribution of a portion of a company's earnings to stakeholders, such as employees or partners.