FICA tax becomes a liability to the federal government at the time an employee's payroll is prepared

Indicate whether the statement is true or false


False

Business

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When a company sells a customer's note to a bank, the discount period is the length of time

A) from the date of discount to the date of sale. B) from the date of sale to the issue date. C) from the date of discount to the maturity date. D) from the date of discount to the issue date.

Business

A defendant in a criminal case can hire his or her own attorney, but if the defendant cannot afford an attorney, ________

A. the defendant must defend himself at trial. B. the case will be dismissed. C. the trial judge will assign a bailiff to assist the defendant. D. the government will provide an attorney to represent the defendant free of charge.

Business

Shelley is an accountant at an aerospace company that is going through a financial crisis. To make it seem like the company is still profitable, she manipulates the company's financial data. However, this manipulation is against the standards of accounting. In this scenario, Shelley is guilty of

A. bribery. B. nepotism. C. unethical behavior. D. social loafing.

Business

Low income earners can receive a tax credit for contributing to an IRA

Indicate whether the statement is true or false

Business