Which of the Following Statements Is Correct

question 46

Multiple Choice

Which of the following statements is correct?

• A) The accountant obtains information about wages subject to payroll taxes from the payroll register.
• B) Most commercial banks are authorized to accept the employee's tax deposits for federal income taxes withheld and the employer's and employees' shares of social security taxes.
• C) Payroll tax deposits can be made electronically or using a Federal Tax Deposit Coupon, Form 8109.
• D) All of the above statements are correct.

---

Definitions:

Optimal Strategy

Strategy that maximizes a player’s expected payoff.

Auctioned

A method of sale where goods or services are sold to the highest bidder.

Highest Bidder

The individual or party that offers the most money for an item in an auction or competitive bidding situation.

Consumer Surplus

Difference between what a consumer is willing to pay for a good and the amount actually paid.