A subprime mortgage is a mortgage with an APR below the prime rate

Indicate whether this statement is true or false.

Answer: FALSE

Business

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An employee has gross earnings of $1,200 and withholdings of $91.80 for Social Security and Medicare taxes and $120 for income taxes. The employer pays $91.80 for Social Security and Medicare taxes, $9.60 for FUTA, and $64.80 for SUTA. The total cost of this employee to the employer is

A) $1,301.40 B) $1,200.00 C) $1,366.20 D) $1,578.00

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Personal or informal knowledge is referred to as _____

A) explicit knowledge B) absolute knowledge C) comprehensive knowledge D) tacit knowledge

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