Match the Terms Below with the Correct Definitions

question 73

Multiple Choice

Match the terms below with the correct definitions.
-Social Security taxes paid by both employers and employees

• A)FICA taxes
• B)Payroll register
• C)Employer
• D)Gross pay
• E)Workers' compensation laws
• F)Employee's withholding allowance certificate (W-4)
• G)Exemptions
• H)Independent contractor
• I)FUTA taxes
• J)Employee's individual earnings record

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Definitions:

Dividend Payout

The part of a company's profits that is paid out to shareholders as dividends.

Corporate Dividend

The distribution of a portion of a company's earnings, decided by the board of directors, to its shareholders.

Stock Repurchase

A stock repurchase is a program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares.

Tax Liability

The total amount of tax owed to the government by an individual, organization, or corporation.