________ Would Be Hurt by Unexpected Inflation

question 40

Multiple Choice

________ would be hurt by unexpected inflation.

• A) Someone who lent money out at a fixed interest rate
• B) A firm that hired a worker on a two-year wage contract
• C) Someone who borrowed money at a fixed interest rate
• D) A worker whose wage increases with inflation
• E) A firm that purchased inputs with a two-year contract

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Definitions:

Quarterly 941 Return

A quarterly tax form employers file to report federal withholdings and Social Security and Medicare taxes for employees.

Annual 940 Return

The Annual 940 Return is a federal tax form used by employers to report their annual Federal Unemployment Tax Act (FUTA) tax.

Safe Harbor

Safe Harbor is a provision in law or regulation that provides protection from penalty or liability under specific situations or if certain conditions are met.

Internal Revenue Code

The codified collection of tax laws in the United States that govern federal tax obligations and procedures.