Create Flash Cards Using the Key Terms from the Chapter

question 31

Essay

Create flash cards using the key terms from the chapter and have students practice learning the terms in small groups.Some of the key chapter terms include norm-referenced and criterion-referenced testing,reliability,and validity.Other important terms include normal distribution,mean,standard deviation,and standard error of measurement.

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Definitions:

Federal Income Tax

The tax levied by the IRS on the annual earnings of individuals, corporations, trusts, and other legal entities.

FUTA Taxes

Federal Unemployment Tax Act (FUTA) taxes are federal employer taxes that contribute to state workforce agencies to fund unemployment benefits.

Tax Liability

The total amount of tax owed by an individual, corporation, or other entity to a taxing authority.

Quarter

A three-month period on the financial calendar that corporations use to report their earnings and performance, commonly divided into Q1, Q2, Q3, and Q4.