Which of the Following Refers to a Statement That an Employee

question 76

Multiple Choice

Which of the following refers to a statement that an employee receives at the end of the year to summarize earned income?

• A) W-2.
• B) 1099.
• C) 1040.
• D) W-9.

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Definitions:

Behavioral Economics

A field of economics that examines how psychological, cognitive, emotional, cultural, and social factors affect economic decisions of individuals and institutions.

Cash Registers

Mechanical or electronic devices used in shops to calculate and record sales transactions, and to store money.

Impulse

Impulse refers to a sudden desire or change in motion, often used in physics to describe the change in momentum resulting from a force applied over time, but also applicable to spontaneous decisions in human behavior.

Neoclassical Economics

A method in economics that centers on how the distribution of goods, output, and income in markets is determined by the forces of supply and demand.