Which of the Following Factors Helps in the Reduction of Labour

question 45

Multiple Choice

Which of the following factors helps in the reduction of labour costs?

• A)Paying more benefits and less cash
• B)Paying the same wages to fewer employees
• C)Making early retirement less attractive
• D)Increasing the number of employees
• E)Expanding the core workforce

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Definitions:

Marginal Tax Rate

The rate at which the last dollar of income is taxed, indicating the percentage of tax applied to your income for each tax bracket in which you qualify.

Proportional Income Tax

A taxation system where the tax rate remains constant regardless of the amount of income.

Average Tax Rate

The percentage representation of total taxes paid in relation to the overall taxable income or expenditure.

Marginal Tax Rate

The rate at which the last dollar of income is taxed, influencing decisions about whether to engage in activities that will produce additional income.