Which of the following statements about the Social Security tax is not true?
A. It is a regressive tax.
B. It is imposed on employees only.
C. It is a payroll tax.
D. It came into existence in 1935.
B. It is imposed on employees only.
You might also like to view...
A fall in the price of flour, used in making cakes, is likely to:
A) increase the supply of cakes. B) decrease the quantity supplied of cakes. C) increase the quantity supplied of cakes. D) decrease the supply of cakes.
In the above figure, Sheryl's monthly budget line for movies and plays shifted, as shown. The shift in the budget line is parallel, so the shift might be because
A) the price of a movie fell and nothing else changed. B) the price of a play fell and nothing else changed. C) Sheryl's income decreased and nothing else changed. D) Sheryl's income increased and nothing else changed.
If consumers spend a small proportion of their income on a good, the demand curve for the good will be: a. elastic
b. inelastic. c. perfectly inelastic. d. unit elastic.
Which of the following is an example of a depreciation payment?
a. Zoom, Inc. set aside an allowance of $500,000 to eventually replace their jet ski factory. b. CleanPrint, Inc. paid $1 million to restock its supply of printing cartridges. c. TotalOffice, Inc. receives $50,000 per month for renting an office space. d. FirstStart, Inc. receives $500,000 in profit for last year for management consulting.