Writing a Business Plan Can Ensure That You ________

question 3

Multiple Choice

Writing a business plan can ensure that you ________.

• A) Achieve your expense projection
• B) Make a profit
• C) Figure out how to make your business work
• D) Meet your target revenue goals
• E) Have no chance of failure

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Definitions:

Federal Income Tax

This is a tax levied by the U.S. federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.

Withholding Allowances

Claims made on an employee's W-4 form that determine the amount of federal income tax withheld from their paycheck.

Gross Wages

Gross wages are the total earnings of an employee before any deductions like taxes, retirement contributions, and health insurance premiums are made.

Form 4070

A form used by employees to report their tips to their employer.