In 2016, Each Individual's Required Contribution to Social Security Was

question 71

Multiple Choice

In 2016, each individual's required contribution to Social Security was

• A) zero percent of his or her first $118,500 of income.
• B) 1.45 percent of his or her first $118,500 of income.
• C) 6.2 percent of his or her first $118, 500 of income.
• D) 7.65 percent of his or her first $118,500 of income.

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Definitions:

Forecasting

Estimation of future occurrences or trends using statistical methods and historical data.

HR Demand Forecasting

The process of estimating the future human resource requirements of an organization to achieve its goals.

Replacement Demand

The need to fill job positions that become vacant due to retirement, resignation, or dismissal, rather than due to the creation of new jobs.

Forecasting HR Demand

The process of estimating the future human resource needs of an organization, based on its business strategies, projected growth, and external market trends.