A Payroll Tax Is a

question 219

Multiple Choice

A payroll tax is a

• A)fixed number of dollars that every firm must pay to the government for each worker that the firm hires.
• B)tax that each firm must pay to the government before the firm can hire workers and operate its business.
• C)tax on the wages that firms pay their workers.
• D)tax on all wages above the minimum wage.

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Definitions:

Violation

The act of breaking or failing to comply with a law, agreement, or code of conduct.

Accountant Liability

Accountant liability refers to the legal accountability of accountants to their clients and third parties for negligence, misconduct, or failure to follow professional standards.

Fraud

Willful misrepresentation aimed at obtaining an illicit or unearned gain, or to strip someone of their rightful legal privileges.

Negligence

A failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances, resulting in harm or damage.