Typically, the Leader of the Party with the Second-Most Seats

question 16

Multiple Choice

Typically, the leader of the party with the second-most seats in the legislature is usually which of the following?

• A) deputy prime minister
• B) leader of the official opposition
• C) minister of finance
• D) speaker

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Definitions:

Social Security Tax

A tax that both employers and employees pay to fund the Social Security program, which provides benefits for retirees, disabled workers, and survivors.

Unfunded Pension Liability

The gap between the projected benefits of a pension plan and the assets available to fund those benefits.

Pension Rights

The entitlements that employees accumulate over time that entitle them to receive benefits from a pension plan upon retirement.

Salaries Expense

The total amount recorded by a business for the wages and salaries paid to employees during a reporting period.