Which of the following types of income are subject to FICA taxes?
A. Interest earned on checking accounts
B. Business profit from the self-employed
C. Inheritance
D. Profits earned from dividends
Answer: B
You might also like to view...
If Cassie's Coffee House purchases 42 cents worth of ingredients and spends 28 cents on wages per cup of coffee to produce an 89 cent cup of coffee, then Cassie's Coffee House's value added per cup of coffee is
A) 19 cents. B) 28 cents. C) 47 cents. D) 61 cents.
In the figure above, as the price level increases, the aggregate demand curve will
A) shift from AD1 to AD3 and then back to AD1. B) shift from AD1 to AD3. C) shift from AD1 to AD2. D) not shift, but the aggregate demand curve will change so that it is positively sloped. E) not shift.
A market transaction causes an externality if someone
a. directly involved in the transaction receives uncompensated benefits or costs from it. b. not directly involved in the transaction receives uncompensated benefits or costs from it. c. directly involved in the transaction seeks legal assistance to ensure that the transaction is carried out. d. not directly involved in the transaction interferes in it by imposing regulations or product standards.
Full employment in the U.S. economy means that
A. The economy has reached the lowest level of unemployment compatible with price stability. B. Frictional unemployment has been reduced to zero. C. The total unemployment rate has been reduced to zero. D. Structural unemployment has reached its minimum as a result of increased spending, and the economy is moving toward the peak of the business cycle.