Refer to the information provided in Table 33.2 below to answer the question(s) that follow.
Table 33.2 
-Refer to Table 33.2. In China, the opportunity cost of
Definitions:
Net Pay
The amount of money that an employee takes home after all deductions, such as taxes and retirement contributions, have been subtracted from the gross salary.
FICA Tax
A U.S. federal tax that funds Social Security and Medicare, deducted from employees' paychecks and matched by employers.
Federal Income Tax
The tax levied by the IRS on the annual earnings of individuals, corporations, trusts, and other legal entities.
Form 941
A tax form filed by employers in the United States to report withholding taxes, Social Security, and Medicare taxes.
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