Employers are required by law to withhold from their employees''earnings. (True or false?)

Employers are required by law to withhold from their employees''earnings.

Indicate whether the statement is true or false

(Q. 2) In an information systems organization, which of the following reporting relationships makes the least sense?
a. The data center manager reports to the CIO.
b. The systems development manager reports to the data center manager.
c. Database administration reports to the technical services manager.
d. The data librarian reports to the data center manager.

(Q. 3) On July 1, 2011, Ace Electronics issued 10 million dollars of 8, 20-year bonds at 102. The bonds pay interest SEMIANNUALLY on December 31 and June 30.

How much cash will Ace pay when the bonds mature? Assume that the final interest payment is made separately.
A) 10,000,000
B) 10,200,000
C) 5,000,000
D) 102,000,000

(Q. 4) If a company earns more with the money it borrows than it has to pay to borrow that money, it is called ________.

A) positive cost/benefit
B) negative cost/benefit
C) negative financial leverage
D) positive financial leverage

(Q. 5) FUTA taxes are deposited and an annual report of federal unemployment tax is filed using Form 8109.
a. True
b. False
Indicate whether the statement is true or false

(Q. 6) Discuss the importance of reporting net accounts receivable.

What will be an ideal response?

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Employers are required by law to withhold from their employees''earnings. (True or false?)

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