Currently, the Number of Years Required for the World's Population

question 13

Multiple Choice

Currently, the number of years required for the world's population to double is approximately:

• A) 53 years.
• B) 73 years.
• C) 43 years.
• D) 13 years.
• E) 93 years.

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Definitions:

Withholding Allowances

Deductions allowed on a paycheck, used to be calculated to reduce the amount of income tax withheld from an employee's salary.

FUTA Taxes

Federal Unemployment Tax Act taxes, which are payroll taxes paid by employers to fund the unemployment insurance system.

Liability

A company’s or individual’s legal financial debts or obligations that arise during the course of business operations.

Percentage Method

An IRS method for calculating the amount of taxes to withhold from an employee's paycheck based on income brackets.