A Class Action Lawsuit Is

question 20

Multiple Choice

A class action lawsuit is

• A) a case brought to force a ruling on the constitutionality of a law or executive action.
• B) a brief filed by an interest group that describes some of the most important consequences of a potential Supreme Court decision.
• C) a case that is appealed to a circuit court.
• D) a suit brought by an individual on behalf of a group of other people who are in a similar situation.
• E) any case that comes before the Supreme Court.

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Definitions:

FICA - Social Security

A U.S. federal program funded by payroll taxes under the Federal Insurance Contributions Act (FICA) aimed at providing retirement, disability, and survivors' benefits.

Withheld

Referring to the portion of an employee's wages not paid directly to the employee but instead held back, often for tax purposes.

Matched by Employer

Refers to contributions that an employer makes to an employee's retirement plan, equal to the amount the employee contributes up to a certain percentage.

Installment Note

A loan that requires regular payments, or installments, over a set period of time, until the principal and interest are paid in full.