Gene's Tax Service Has Two Types of Employees,management and Clerical

question 35

Multiple Choice

Gene's Tax Service has two types of employees,management and clerical support.The company estimates that it will pay the clerical support $500,000 next year and the managers $255,000.For every $100,the company pays $0.14 into the workers' compensation insurance.Calculate the amount of worker's compensation insurance.

• A)$1,057
• B)$336
• C)$441
• D)None of the above is correct.

---

Definitions:

Market Demand Curve

A graph that shows the relationship between the price of a good and the quantity of that good all consumers are willing to purchase at each price level.

Consumption

The act of using goods and services for personal needs or wants.

Demand Curve

A graphical representation showing the relationship between the price of a good and the amount of it that consumers are willing to purchase at various prices.

Quantity Demanded

The total amount of a good or service consumers are willing and able to purchase at a given price in a specified period.