FICA Is an Example of a Payroll Tax, Which Is

question 17

True/False

FICA is an example of a payroll tax, which is a tax on the wages that firms pay their workers.

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Definitions:

Units

A measure of quantity used to quantify the amount of production output, inventory, or sales.

Variable Costs

Expenses that change in proportion to the production or sales figures.

Per Unit

A measure or cost expressed per single item or quantity of a product or service.

Cost Behaviour

The way in which costs change in relation to alterations in an organization's level of activity.