Examlex

Solved

Food, Household Items, and Automobiles Are Produced in Large Factories

question 189

Multiple Choice

Food, household items, and automobiles are produced in large factories that are big enough to handle multiple assembly lines for the various parts that make up the products. This is known as ___.


Definitions:

FUTA Tax

Federal Unemployment Tax Act tax, a payroll tax paid by employers to fund state workforce agencies and unemployment insurance for workers who have lost their jobs.

State Unemployment Taxes

Taxes imposed by state governments on businesses based on the amount of wages paid to employees, used to fund unemployment compensation benefits for workers who have lost their jobs.

Withholding Allowances

Claims made on a W-4 form that determine the amount of an employee’s income not subject to federal income tax withholding.

Percentage Method

A way to calculate taxes or other financial figures by applying a specific percentage rate to a base amount.

Related Questions