The Social Security payroll tax is ________ on the employee, and ________ on the employer, on all earned income up to a cap, which is adjusted for inflation each year.
A. 0 percent; 15.3 percent
B. 6.2 percent; 6.2 percent
C. 7.65 percent; 7.65 percent
D. 15.3 percent; 0 percent
Answer: B
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If policymakers are expected to increase the money supply, Monetarists argue that there is __________ effect. There is __________ effect that raises prices when the money supply actually increases
A) a small liquidity; an income B) no; an income C) a small income; a liquidity D) no; a liquidity
In the former Soviet Union,
A. the collective farms were more productive per acre than the private plots of land owned by peasants. B. there was no private ownership of any farmland. C. the private plots of land were more productive per acre than the large collective farms. D. the land under cultivation was equally split between private plots of land and the collective farms.
From December 2007 to December? 2010, the BLS initially reported that employment
What will be an ideal response?
A 4 percent reduction in the price of a product has zero effect on the dollar amount of consumer expenditure on the product. The price elasticity of demand is:
A. Zero B. Greater than zero C. Greater than zero but less than 1 D. Equal to 1