Instructions: Identify the Following

question 3

Essay

Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
P.T. Barnum

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Definitions:

Payroll Tax

Fees assessed on employers and their employees, calculated frequently as a fraction of the salaries employees earn.

Labor Market

A marketplace in which employers find workers and workers find jobs, governed by the supply and demand for labor.

Payroll Tax

Exactions applied to employers or their staff members, often a percentage of the earnings paid out to the workforce.

Labor Supply

The total hours that workers are willing and able to work at a given wage rate, within an economy.