A Characteristic of FUTA Is That

question 134

Multiple Choice

A characteristic of FUTA is that:

• A)It is imposed on both employer and employee.
• B)It is imposed solely on the employee.
• C)Compliance requires following guidelines issued by both state and Federal regulatory authorities.
• D)It is applicable to spouses of employees but not to any children under age 18.
• E)None of these.

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Definitions:

Closing Price

The final price at which a security is traded on a given trading day, marking the last recorded trading price for that day.

Convertible Preferred Stock

Preferred shares that can be converted into a predetermined number of a company's common shares, usually at the shareholder's discretion.

Common Stock

A form of corporate equity ownership, a type of security that represents an ownership interest in a corporation, entitling the holder to a share of the company's profits.

Par Value

The face value of a bond or stock as stated by the issuing company, which does not necessarily reflect its market value.