Currently, How Has the Workplace Changed as Compared to When

question 258

Multiple Choice

Currently, how has the workplace changed as compared to when today's middle aged employees entered the work force?

• A) The labor pool is growing.
• B) The labor pool is shrinking.
• C) The unemployment rate is higher than ever before.
• D) The unemployment rate is lower than ever before.

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Definitions:

FICA Taxes

Taxes imposed on both employees and employers to fund Social Security and Medicare, based on a percentage of the employee's earnings.

Social Security

A government program that provides financial assistance to people with insufficient or no income, including retirees, disabled individuals, and survivors.

Medicare Taxes

Taxes collected from employees and employers to fund the Medicare program, which provides health insurance for Americans aged 65 and older, and for some younger people with disability.

FUTA Taxes

Federal Unemployment Tax Act taxes, which are payroll taxes paid by employers to fund the unemployment account of the federal government.