There Are More People with Incomes on the Low End

question 27

Multiple Choice

There are more people with incomes on the low end as compared to the high end.What kind of distribution does this illustrate?

• A) normal
• B) positively skewed
• C) negatively skewed
• D) bell curve

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Definitions:

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.

Social Security

A government program that provides financial assistance to people with an inadequate or no income.