What is an executive agency?
What will be an ideal response?
Answer: An executive agency is a regulatory agency in the executive branch run by a single administrator.
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Joe, an employee of Time Travel, Inc, has gross salary for March of $5,200
The entire amount is under the OASDI limit of $117,000, and thus subject to FICA. He is also subject to federal income tax at a rate of 29%. His year-to-date pay has already exceeded the $7,000 cap for FUTA and SUTA. The journal entry to record employer's payroll tax expense includes a credit to FICA-Medicare Taxes Payable for $150.80. (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) Indicate whether the statement is true or false
Which of the following is true of a positive semi-definite variance-covariance matrix
A. All elements of the matrix are positive B. The determinant of the matrix is positive C. The matrix has ones on the diagonal D. The matrix is internally consistent