Which of the Following Is a Reason for an Increase

question 35

Multiple Choice

Which of the following is a reason for an increase in remarriages?

• A)more people are widowed
• B)more people are divorced
• C)more people marry at a younger age
• D)families are getting larger

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Definitions:

Tax Liability

The total amount of tax that an individual or entity is legally obligated to pay to a tax authority.

Semiweekly Schedule Depositor

A tax deposit schedule required for employers who accumulate a certain amount of tax liability within a specific timeframe, mandating deposits to be made semi-weekly.

Federal Income Tax

Federal income tax is a tax levied by the IRS on the annual earnings of individuals, corporations, trusts, and other legal entities.

Wage Bracket Table

A chart used in the calculation of payroll taxes, indicating the amount of tax to be withheld based on the employee's earnings and tax status.