Examlex
At the end of the year, your company had the following variances:
Give at least one possible cause for each of the variances and discuss the possible relationships between them.
Federal Income Tax
A yearly fee assessed by the national government on the income of individuals, corporations, trusts, and assorted legal entities.
Gross Earnings
The total income earned by an individual or business before any deductions like taxes or benefits.
FUTA
Federal Unemployment Tax Act; a United States federal law that imposes a payroll tax on businesses to fund state workforce agencies.
SUTA
State Unemployment Tax Act, a U.S. federal law that imposes a payroll tax on employers to fund the unemployment compensation program.
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