FICA Excludes from Coverage All of the Following Kinds of Employment

question 53

Multiple Choice

FICA excludes from coverage all of the following kinds of employment except :

• A) domestic service performed in a college sorority by a student.
• B) service performed by a 16-year-old child in the employ of the mother.
• C) babysitting service performed by a 35-year-old person who receives $40 in cash during the calendar quarter.
• D) federal government secretaries hired in 1990.
• E) services performed by a railroad worker for an employer covered by the Railroad Retirement Tax Act.

Understand the impact of genetic disorders on intellectual abilities.

Explore the measurement of intelligence and its controversies.

Describe cognitive characteristics of children in the concrete operational stage and discuss language development during middle childhood.

Understand the concept of consumer surplus and how it is depicted graphically.

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Definitions:

Compounded Monthly

Interest computation method where interest gains are calculated on a monthly basis, with each month's interest added to the principal for future calculations.

Prize

A reward given for victory or superiority in a contest or competition.

Payments

The transfer of money or goods from one person or entity to another, often in exchange for services or products.

Rate of Return

The gain or loss on an investment over a specified period, expressed as a percentage.