Cralic Company Has 12 Employees and Operates in Texas

question 68

Multiple Choice

Cralic Company has 12 employees and operates in Texas.The Form 940 for the previous year contained the following information:

What amount should be entered on line 5? (Assume that all employees had exceeded the FUTA wage base. )

• A)$84,000.00
• B)$1,535.91
• C)$159,440.75
• D)$1,031.91

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Definitions:

Title

The legal right to own, possess, use, control, and dispose of property or assets.

Real Property

Land and any permanent structures or improvements attached to it, such as buildings and houses, legally recognized as immovable.

Easement

A privilege to traverse or make use of another individual's property for a particular reason.

Chattel

Movable assets distinct from land or buildings.