Which of the following statements about payroll taxes is false?
A. They include Medicare taxes.
B. Both employers and employees pay these taxes.
C. They provide funds for Social Security.
D. They are lump-sum taxes not based on wages/salaries.
Answer: D
Economics
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In economic terms, property means
a. everything an individual owns and the labor he/she provides b. everything an individual owns but not the labor he/she provides c. some things an individual owns and the labor he/she provides d. some things an individual owns but not the labor he/she provides
Economics
Monetarists believe that the major source of macroeconomic instability lies in
A) the private investment sector and the government sector. B) the government sector. C) private corporations and the government sector. D) export and import sector.
Economics