Under the _____ Act, You Are Entitled to Financial Information

question 12

Multiple Choice

Under the _____ Act, you are entitled to financial information if the employer claims a lack of funds, an inability to stay competitive, or the loss of a necessary profit margin.

• A) NLRA
• B) CBP
• C) MLSA
• D) FLSA

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Definitions:

Roth IRA Contributions

Money put into a Roth IRA retirement account that has already been taxed at the current rate, meaning withdrawals in retirement are tax-free.

AGI

Adjusted Gross Income, which is gross income minus adjustments and is used to determine how much of your income is taxable.

Deductible IRA Contribution

A contribution to an Individual Retirement Account that can be deducted from gross income, reducing taxable income.

Joint Return

A combined tax return filing for a married couple that merges their incomes, deductions, and credits, potentially leading to tax benefits.