A(n) _____ is a form of business ownership that offers both restricted responsibility to its owners and flexible tax treatment.

A. limited liability company
B. S corporation
C. sole proprietorship
D. quasi corporation


Answer: A

Business

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According to the AICPA, the auditor needs to clearly express an opinion based on audit evidence obtained in the form of a written report.This is stated in which AICPA principle governing an audit conducted in accordance with GAAS?

a. Principle 1 b. Principle 4 c. Principle 5 d. Principle 7

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In which business sector our Cooperative still important

A) Manufacturing
B) Automotive
C) Public utilities
D) Agriculture
E) Health care

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The chief executive officer earns $21,000 per month. As of May 31, her gross pay was $105,000. The tax rate for Social Security is 6.2% of the first $127,200 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 4.4%. Both unemployment taxes are applied to the first $7000 of an employee's pay. What is the amount of FICA- Social Security withheld from this employee for the month of June?

A. $1376.40 B. $1537.60 C. $680.60 D. $7347.00 E. $1630.60

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Disparate-impact discrimination occurs when an employer adopts a work rule that is neutral on its face but is shown to cause an adverse impact on a protected class.

Answer the following statement true (T) or false (F)

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