AnswersS25 Introduction to Business A TheisenAssignment

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Why are companies required to perform payroll withholding?

A
To make sure employees are being paid fairly
B
To make sure employees can pay their taxes
C
To help employees save for retirement
D
To help the company pay its share of taxes
22
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If you use credit, what are you creating?

A
A line of credit
B
Debt
C
Collateral
D
A default
23

What does your credit score tell lenders about you?

A
How likely you are to pay them back
B
How many jobs you have had
C
Where you grew up
D
How much money you paid in taxes
24

What does your credit score tell lenders about you?

A
How likely you are to pay them back
B
How many jobs you have had
C
Where you grew up
D
How much money you paid in taxes
25

How is a line of credit similar to a credit card?

A
Interest is charged only on the amount you actually borrow.
B
The interest rates are the same.
C
They both require co-signers.
D
Lenders don't check your credit score.
26

When you pay more than you owe in taxes and the IRS gives you money back, that money is called _________.

A
A tax refund
B
Gross pay
C
Estimated tax
D
An audit

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