Retirement fund withdrawals are usually taxed as ________ income
A) short-term capital gains
B) long-term capital gains
C) ordinary
D) tax-free
Answer: C
Business
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Spencer's gross pay for the week is $1,600
Spencer's yearly pay is under the limit for OASDI. Assume that the rate for state and federal unemployment compensation taxes is 6% and that Spencer's year-to-date pay has not yet exceeded the $7,000 cap. What is the amount of state and federal unemployment tax that his employer must record as payroll tax expense and pay to the federal and state governments? A) $225.84 B) $215.20 C) $119.20 D) $96.00
Business
Business in the Middle East is primarily driven by the price of steel
Indicate whether the statement is true or false
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