Use the Following Information for the Next 3 Questions

question 6

Multiple Choice

Use the following information for the next 3 questions.
Dem Mfg. has gathered the following data in preparing to record their direct labor payroll costs for the week:
-The actual direct labor costs were

• A) $144,300
• B) $148,000
• C) $160,000
• D) $151,700

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Definitions:

Regressive

A term describing a tax system where the tax rate decreases as the taxable amount increases, disproportionately affecting those with lower incomes.

Payroll Tax

Taxes imposed on employers and employees, calculated as a percentage of the salaries that employers pay their staff.

Federal Personal Income Tax

A tax levied by the federal government on the yearly income of individuals, with the rate applied varying according to the income level.

Progressive Taxes

A tax system in which the tax rate increases as the taxable amount increases, placing a higher tax burden on individuals with higher incomes.