A wage earner making $10,000 pays
A. more in Social Security tax than in personal income tax.
B. more personal income tax than in Social Security tax.
C. about the same in Social Security tax as in personal income tax.
A. more in Social Security tax than in personal income tax.
Economics
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The price of a good will fall if
A) there is a surplus at the current price. B) the current price is less than the equilibrium price. C) the quantity demanded exceeds the quantity supplied. D) the price of a complement in consumption falls.
Economics
All of the following are positive statements EXCEPT
A) the President of the United States in 2008 was George W. Bush. B) California is in the United States. C) migratory birds fly south for the winter. D) a dog is man's best friend.
Economics