Refer to the Information Provided in Table 30

question 54

Multiple Choice

Refer to the information provided in Table 30.2 below to answer the question(s) that follow.
Table 30.2
-Refer to Table 30.2. From 2016 to 2017 the real wage

• A) rises.
• B) falls.
• C) stays the same.
• D) rises then falls.

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Definitions:

Payroll Tax

Levies placed on both employers and employees, computed based on a fraction of the wages that employers distribute to their workforce.

Income Levels

The categories of earnings that individuals or households fall into, typically used to analyze economic and demographic data.

Tax Incidence

The study of who ultimately pays the tax or bears the burden of tax, which can differ from the entity that initially pays the tax.

Total Burden

The complete impact, often in terms of costs or taxes, borne by society or specific groups within it.