Answer the following statements true (T) or false (F)
1) Mandatory employer-paid payroll taxes are known as statutory deductions.
2) Payroll taxes for which the employer is responsible for paying a percent of employee compensation include FICA taxes, federal income tax, and FUTA tax
3) FUTA tax rates vary from state to state.
4) A firm's frequency of tax deposits is determined by payroll tax liability during the lookback period.
5) A firm that had $55,650 in annual payroll tax liability during the lookback period will be a monthly schedule depositor.
1)TRUE
2)FALSE
3)FALSE
4)TRUE
5)FALSE
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Juan only has a high school education and knows very little about digital cameras. Juan will most likely:
A) conduct only an internal search B) refer the decision to someone else C) not engage in an extensive external search for more information D) engage in an extensive external search for information
Which of the following would be included in the statement of cash flows in the financing activities section?
A. Issuing common stock in exchange for equipment will create a cash outflow in the investing activities section of the cash flow statement and a cash inflow in the financing activities section of the cash flow statement. B. Issuing a new class of common stock. C. Issuing common stock in exchange for land. D. Issuing common stock in exchange for a building.
A product consists of four components with reliabilities of 0.85, 0.99, 0.88, and 0.89, respectively. The third and fourth components have backups with corresponding reliabilities of 0.88 and 0.89. Calculate and indicate product reliability.
A. 0.82% B. 0.78% C. 0.63% D. 0.93%
Agencies are exempted from holding open hearings when proceedings concern military matters or foreign affairs
Indicate whether the statement is true or false