Which of the Following Is an Example of a Payroll

question 174

Multiple Choice

Which of the following is an example of a payroll tax?

• A)A tax on the wages that a firm pays its workers
• B)An excise tax on distilled alcohol
• C)A tax on corporate profits
• D)The portion of federal income taxes earmarked to pay for national defense

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Definitions:

Downward-sloping Market Demand Curve

This concept depicts the inverse relationship between price and quantity demanded in a market, indicating that higher prices typically lead to lower quantities demanded, and vice versa.

Marginal Revenue

The additional income received from selling one more unit of a good or service; it's a critical concept in business and economics for understanding how to maximize profit.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, resulting in the cost per unit of production decreasing with increasing scale.

Average Total Cost Curve

Illustrates the average cost per unit of output, combining both fixed and variable costs, at different levels of production.