The Type of Cost- Benefit Analysis Used to Identify at What

question 95

Multiple Choice

The type of cost- benefit analysis used to identify at what point benefits equal costs is called:

• A)breakeven analysis.
• B)cost- benefit analysis.
• C)equilibrium determination.
• D)equilibrium analysis.

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Definitions:

Net Pay

The take-home pay an employee receives after deductions such as taxes and retirement contributions.

Federal Income Tax

The annual income of individuals, corporations, trusts, and other legal entities is subject to a tax imposed by the IRS.

FICA Tax Rate

The combined percentage rate for Social Security and Medicare taxes that both employees and employers must pay based on earned income.

Hourly Wage

Compensation based on the number of hours worked, typically paid to employees on an hourly rather than salary basis.