Identify the Statement Below That Is False

question 114

Multiple Choice

Identify the statement below that is false.

• A)If an employer is not required to withhold income taxes from an employee's wages,the wages are not taxable to the employee.
• B)In certain situations,income tax withholding by an employer is voluntary.
• C)For 2014,an employer must deposit with the government an amount of FICA tax that is twice the amount withheld from the employee's salary (i.e. ,the employee's and employer's shares).
• D)If an excess amount of FICA has been withheld for an employee because the employee has multiple jobs,the employee may claim a credit for the excess amount withheld on his or her income tax return.
• E)None of these.

Comprehend characteristics and major obstacles to economic growth in DVCs.

Recognize the needed elements for capital formation and economic growth in DVCs.

Identify the impact of population growth on economic development in DVCs.

Understand the role of government intervention in fostering economic growth and development.

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Definitions:

Financial Burdens

The strain or stress placed on an individual's or entity's finances due to debts, obligations, or other financial commitments.

Downsizing

The reduction of an organization's workforce to improve its efficiency or reduce costs.

Workforce Reduction Programs

Initiatives taken by organizations to decrease the number of employees through methods such as layoffs, buyouts, or retirements to reduce costs and improve efficiency.

Cutting Costs

The process of reducing expenses in order to improve a company's financial performance or maintain its competitiveness.