(Situation F) the Sales (In Thousands of Dollars) of Automobiles

question 10

Multiple Choice

(Situation F) The sales (in thousands of dollars) of automobiles by the three largest American automakers from 1986
through 1992 are shown in the table below. $$\begin{array} { l r r r } \hline \text { Year } & \text { G.M. } & \text { Ford } & \text { Chrysler } \\\hline 1986 & 8993 & 5810 & 1796 \\1987 & 7101 & 4328 & 1225 \\1988 & 6762 & 4313 & 1283 \\1989 & 6244 & 4255 & 1182 \\1990 & 7769 & 4934 & 1494 \\1991 & 8256 & 5585 & 2034 \\1992 & 9305 & 5551 & 2157\end{array}$$
-Using 1986 as the base year, and only using the Chrysler sales data, find the simple index for 1992.

• A) 102.49
• B) 83.26
• C) 97.57
• D) 120.10

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Definitions:

Employee's Withholding

The portion of an employee's wages withheld by the employer for payment of taxes and other deductions.

Federal Unemployment Tax

A United States federal tax imposed on employers to fund state workforce agencies. Employers pay this tax to the Internal Revenue Service (IRS) to cover the costs of unemployment compensation to workers who have lost their jobs.

Wage And Tax Statement

A document, often referred to as a W-2 form, issued by employers to employees detailing the employee's wages and taxes withheld during the year.

Voluntary Deductions

Employee-elected deductions from their payroll for benefits, contributions, or savings plans.