You Would Expect an Undeveloped Country Like ________ to Have

question 60

Multiple Choice

You would expect an undeveloped country like ________ to have a predominately ________ economy.

• A)Laos; nonservice
• B)Laos; service
• C)Great Britian; manufacturing
• D)Belgium; nonservice

---

Definitions:

FICA Tax

A U.S. federal payroll tax known as the Federal Insurance Contributions Act tax, which finances Social Security and Medicare benefits.

Federal Income Tax

A charge imposed by the federal government of the United States on the yearly income of individuals, corporations, trusts, and various legal entities.

Withholding Allowance

Withholding Allowance refers to an exemption that reduces the amount of income tax an employer deducts from an employee's paycheck, based on their personal and dependent status.

Federal Income Tax

An annual financial obligation required by the federal government from individuals, corporations, trusts, and other lawful entities.