Troy's Failure to Cure the Problem Will Most Likely Have

question 50

Multiple Choice

Troy's failure to cure the problem will most likely have which effect?

• A)Troy will be required to take a 30% reduction on the price to be paid for the goods.
• B)In order to receive payment,Troy must provide correct trophies;otherwise,he is not entitled to payment.
• C)Troy will be required to take a 50% reduction on the price to be paid for the goods.
• D)Troy will be required to take a 20% reduction on the price to be paid for the goods.
• E)Eduardo's actions effectively prevented Troy from an opportunity to cure any defects and,therefore,Eduardo's actions cannot be said to have effectively rejected the goods,resulting in Eduardo owing payment to Troy.

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Definitions:

Federal Withholding

The process by which an employer deducts a portion of an employee's income and pays it directly to the government as an advance payment of the employee's tax liability.

FICA

Federal Insurance Contributions Act, the U.S. law that requires a payroll tax on both employees and employers to fund Social Security and Medicare.

FICA Taxes

Federal Insurance Contributions Act taxes, funding Social Security and Medicare, deducted from employee paychecks and matched by employers.

Federal Income Tax

A tax levied by the U.S. federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.