Your Employer Pays for Your Cell Phone

question 213

Multiple Choice

Your employer pays for your cell phone. The monetary value of this cell phone payment is

• A) included in your economic income, but not your money income.
• B) not included in your economic income, but included in your money income.
• C) not included in either economic income or money income.
• D) included in both economic and money income.

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Definitions:

FMVSS-121

Federal Motor Vehicle Safety Standard No. 121, a regulation that sets the standard for air brake systems in heavy vehicles, ensuring safety through specified design, performance, and maintenance requirements.

Governor Cut-Out

A mechanism or setting in an engine or turbine that limits maximum speed by cutting fuel supply or introducing a brake.

Cut-In Pressures

The specific pressures at which a system or device begins to operate or becomes active.

Primary Circuit

A primary circuit is the fundamental part of an electrical system that provides direct current flow from a power source to various electrical components.