Sue Hawkins earns $100,000. How much Social Security tax does she pay?
What will be an ideal response?
$100,000 × .062 = $6,200
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Because the value of non-cash benefits to the poor is not counted when calculating the official poverty rate in the U.S., the official statistics
A. underestimate the poverty rate. B. overstate the real income of the poor. C. accurately measure the poverty rate. D. overestimate the poverty rate.
Welfare programs are designed to address the:
A.) "HOW" question. B.) "FOR WHOM" question. C.) Issue of scarce resources. D.) "WHAT" question.
Refer to the diagram of the market for money. The equilibrium interest rate is:
A. i 1 .
B. i 2 .
C. i 3 .
D. not determinable without additional information.
Which of the following will be included in the income-based method of national accounting?
A) A firm's expenditure on raw materials B) A student's expenditure on education C) A consumer's expenditure on a imported car D) A worker's retirement benefits