A Candidate for U

question 24

Multiple Choice

A candidate for U.S.president is promising a program that pays for 12 weeks of maternity leave for all women.To pay for this,the candidate proposes a tax rate of 45% on individuals earning more than $600K a year while leaving lower tax brackets at current levels.This candidate is proposing a ________ program supported by ________ taxation.

• A)universal; recessive
• B)universal; progressive
• C)means-tested; regressive
• D)means-tested; partisan

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Definitions:

Manufacturing Overhead

Indirect costs related to the production process, such as factory rent, utilities, and maintenance, which are not directly tied to specific units produced.

Work in Process

Inventory consisting of items that are in the production process but are not yet completed products.

T Accounts

A representation in accounting used to track the increases and decreases in individual financial statement items.