Which of the Following Statements Is Not Correct

question 13

Multiple Choice

Which of the following statements is not correct?

• A) The amount of social security tax withheld depends on an employee's gross earnings,marital status,and number of withholding allowances.
• B) Federal law requires that social security,Medicare,and federal income taxes be deducted from the gross pay of most employees.
• C) Medicare taxes are levied in an equal amount on both employers and employees.
• D) Once an employee's year-to-date wages reach a certain amount prescribed by law,social security tax is no longer withheld.

---

Definitions:

Pricing Strategy

A plan or approach used by businesses to set prices for their products or services, aiming to achieve maximum profitability.

Sales Orientation

A business approach that focuses primarily on the sale of products or services, rather than understanding and meeting the needs of the customers.

Pricing Strategy

A plan or method used by companies to determine the best price for their products or services to maximize profits and meet market demands.

Five Cs

A marketing concept focusing on Customer, Company, Competitors, Collaborators, and Context as critical components of successful marketing strategies.