Williams College Used ________ as a Means to ________

question 95

Multiple Choice

Williams College used ________ as a means to ________.

• A)student financial aid; price discriminate (True Answer )Correct
• B)payroll deductions; lower tuition
• C)its nonexempt tax status; raise tuition
• D)government subsidies; increase profits

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Definitions:

Merit Rating

A system used to evaluate and grade an employee’s performance, often influencing salary increments and promotions.

Unemployment Tax Rates

Rates set by governments to fund unemployment insurance programs, calculated as a percentage of employer payroll expenses.

Accrued Vacation Benefits

The earned but not yet taken or paid vacation time that is owed to employees, recognized as a liability on the balance sheet.

Estimated Liability

A financial obligation or debt that is anticipated but not yet confirmed in amount or due date.