Societies with Economies Based on Information,knowledge,and Service Industries Rather Than

question 44

Multiple Choice

Societies with economies based on information,knowledge,and service industries rather than agriculture or manufacturing,are known as

• A)agrarian societies.
• B)industrial societies.
• C)postindustrial societies.
• D)subterrial societies.

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Definitions:

Liability

A company’s or individual’s legal financial debts or obligations that arise during the course of business operations.

Percentage Method

An IRS method for calculating the amount of taxes to withhold from an employee's paycheck based on income brackets.

Federal Income Tax

An annual charge imposed by the U.S. government on the income of individuals, businesses, trusts, and various legal bodies.

Exemptions

Deductions allowed by tax authorities on a taxpayer's income, often based on the number of dependents, reducing the taxable income.