Social Security tax is deducted from your paycheck. In the figure above, this will be shown as
A) taxes flowing from households to firms.
B) taxes flowing from households to governments.
C) wages flowing from firms to governments.
D) wages flowing from firms to households.
E) taxes flowing from firms to governments.
B
You might also like to view...
Fogel's work (1964) on the economic impact of railroads is mostly written in response to
(a) Rostow's takeoff theory. (b) Schumpeter's theory of railroads building ahead of demand. (c) David's theory of path dependency. (d) Engerman's theory of multiroute analysis.
Marginal resource cost refers to the:
A. increase in total revenue resulting from the sale of the extra output of one more worker. B. price at which additional units of a resource can be hired in an imperfectly competitive resource market. C. increase in total cost resulting from the production of one more unit of output. D. amount by which a firm's total resource cost increases as the result of hiring one more unit of the resource.