In the United States, Because the Amount of Part-Time Work

question 80

Multiple Choice

In the United States, because the amount of part-time work has increased and the average number of hours worked per week has increased,

• A)average annual earnings have increased less rapidly than average weekly or hourly earnings.
• B)average annual earnings have increased more rapidly than average weekly or hourly earnings.
• C)average weekly earnings have increased at the same rate as average hourly earnings.
• D)average weekly earnings have increased more rapidly than average hourly earnings.
• E)average weekly earnings have increased less rapidly than average hourly earnings.

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Definitions:

Fair Value

The fund received from an asset sale or the cost for a liability shift in a smoothly facilitated transaction among participants of the market on the price determination date.

Capital Cost Allowance

A taxable expense in Canada that allows a business to deduct the cost of a capital asset over time.

Half-Year Rule

A tax rule in some jurisdictions that allows only half the usual depreciation expense deduction in the year that a capital asset is acquired.

Straight-Line

A method of calculating depreciation of an asset which assumes the asset depreciates equally over its useful life.