Which of the Following Are Important Decisions That an Employer

question 22

Multiple Choice

Which of the following are important decisions that an employer must make regarding its payroll procedures? (You may select more than one answer. Single click the box with the question
Mark to produce a check mark for a correct answer and double click the box with the
Question mark to empty the box for a wrong answer. Any boxes left with a question mark
Will be automatically graded as incorrect.)

• A) How often to pay employees
• B) Which employee benefits to offer
• C) How to handle pay advances
• D) How many employees to hire

---

Definitions:

Tax

A required financial contribution or alternative type of tax placed on a taxpayer by a state authority to cover government outlays and assorted public spending.

Social Security Tax

A tax levied on both employers and employees to fund the Social Security program, which provides benefits to retirees, the disabled, and children of deceased workers.

Labor Tax

Taxes levied on the wages and income generated from labor, which can affect employment and labor supply decisions in the economy.

Deadweight Loss

A loss of economic efficiency that occurs when the equilibrium outcome is not achievable or not achieved.