Social Security contributions are
A. a voluntary dollar amount that people contribute towards Social Security.
B. mandatory taxes partially paid out of workers' wages and salaries.
C. entirely paid by your employer.
D. collected only from people earning more than $120,000 a year.
Answer: B
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When (if at all) can the crowding-out effect be prevented?
A) when the Fed decreases the money supply to accommodate the expansionary fiscal policy B) when the real money supply is held constant C) when the real balance effect is working D) when the Fed allows the real money supply to increase sufficiently to keep the interest rate from rising
Suppose the market for potatoes can be expressed as follows: Supply: QS = -20 + 10p Demand: QD = 400 - 20p Solve for the equilibrium price and quantity
What will be an ideal response?
A default rule:
A. is a consequence that users of commitment devices agree to if they fail to follow through with their commitment. B. is a defined limit used to mark when someone is decidedly not making a good decision. C. defines what will automatically occur if someone fails to make an active decision otherwise. D. is the defined strength of a given commitment needed to get an individual to follow through with the commitment.
An open-market purchase of T-bonds by the Fed causes the money supply to
A. fall and bond prices to fall. B. rise and bond prices to fall. C. rise and bond prices to rise. D. fall and bond prices to rise.