Which statement is false?
A. The federal government collects more in Social Security taxes than in personal income tax.
B. The federal government collects more in Social Security taxes than in corporate income tax.
C. The federal government collects more in personal income tax than in corporate income tax.
D. None of these statements are false.
A. The federal government collects more in Social Security taxes than in personal income tax.
You might also like to view...
If a nation is experiencing an inflow of capital and a balance of trade deficit, this is a problem if
a. the capital inflow is channeled into productive projects. b. the capital inflow is channeled into unproductive projects. c. the country's rate of unemployment is low. d. the investment rate of the country is already high.
The actual budget deficit of the federal government in 2009 was about $1.4 trillion. On the basis of this information, it:
A. can be concluded that the economy was faced with serious inflation in 2009. B. cannot be determined whether the government engaged in expansionary or contractionary fiscal policy in 2009. C. can be concluded that fiscal policy was contractionary in 2009. D. can be concluded that fiscal policy was expansionary in 2009.