Answer the following statements true (T) or false (F)
1. The Social Security system is funded by contributions from both the employer and employee.
2. Employer FICA is paid by the employer and recorded as a payroll tax expense.
3. FICA tax is a tax that is paid both by the employer and the employee.
4. Employer FICA tax is paid by the employer and is added to the employee's earnings.
5. FICA tax is paid by the employee only.
1. True
2. True
3. True
4. False
5. False
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Which of the following gives the reader some context and may point to a conclusion offered in the section?
A) Heading B) Subheading C) Major heading D) Descriptive heading E) Informative heading
The accounting system used with JIT manufacturing is called:
a. Backflush costing. b. The push system. c. Perpetual inventory costing. d. First-in, first-out.
According to trade theory
A. high-cost labor will automatically cause a country to be uncompetitive in export markets. B. if a currency's exchange rate strengthens, then its exporters will no longer be able to profitably export their products. C. traders need to know the exchange rate between their own currency and that of the nation they are considering trading with, before they can decide whether it is advantageous to import, export, or buy locally. D. devaluation of a currency will automatically cause a nation's products to be price competitive in international markets. E. devaluation of a country's currency will cause domestic prices to decrease.
A belief by residents of a country that it is inappropriate or immoral to purchase foreign-made goods and services is known as
A. cultural fit. B. international protectionism. C. consumer ethnocentrism. D. xenophobia. E. sociocultural bias.