If the Consumption Schedule Shifts Upward and the Shift Was

question 17

Multiple Choice

If the consumption schedule shifts upward and the shift was not caused by a tax change, the saving schedule

• A) will not shift.
• B) may shift either upward or downward.
• C) will shift downward.
• D) will also shift upward.

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Definitions:

Correct TIN

Refers to ensuring the accuracy of a Taxpayer Identification Number, which is necessary for tax reporting and compliance purposes.

W-9

An IRS form used by individuals to provide their taxpayer identification number to entities that will pay them income during the tax year.

FUTA Taxes

Federal Unemployment Tax Act taxes that employers pay to help fund state workforce agencies.

Withholding Allowance

A figure used to calculate the amount of income tax an employer withholds from an employee's paycheck, based on factors like marital status and number of dependents.