Cost Drivers Are ________

question 101

Multiple Choice

Cost drivers are ________.

• A) the different functions in the value chain
• B) different types of functional areas in the firm
• C) measures of activities that require the use of resources and thereby cause costs
• D) different types of cost calculations

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Definitions:

Federal Income Tax

An annual financial obligation enforced by the IRS on earnings of persons, businesses, trusts, and other legal entities.

FICA Taxes

Taxes collected under the Federal Insurance Contributions Act, funding Social Security and Medicare, deducted from employees' paychecks and matched by employers.

Schedule H

A form used in the United States to report taxes owed for the employment of household help.

W-2C

A form used to correct information previously reported on a Form W-2, Wage and Tax Statement.