An Example of an Intangible Benefit Is

question 66

Multiple Choice

An example of an intangible benefit is

• A)expansion into other markets
• B)reduction in supplies and overhead
• C)more efficient operations
• D)reduced equipment maintenance

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Definitions:

Federal Income Tax

The tax levied by the national government on the annual income of individuals, corporations, trusts, and other legal entities.

Social Security Tax

A tax that funds the Social Security program, collected from both employers and employees.

Medicare Tax

A federal tax that funds Medicare, the U.S. government's health care program for seniors and certain individuals with disabilities, withheld from an employee's paycheck.

Gross Pay

The total amount of money an employee earns before any deductions are taken out.