Which of the Following Would NOT Be a Required Payroll

question 72

Multiple Choice

Which of the following would NOT be a required payroll deduction for an employee?

• A)FICA
• B)401(K)retirement
• C)Federal income tax
• D)State income tax

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Definitions:

Equilibrium Price

The market price at which the quantity demanded equals the quantity supplied, leading to a stable market condition.

Price Floor

A government- or authority-set minimum price for a particular good or service, designed to protect producers.

Airline Tickets

Certificates issued by airlines that confirm a passenger's booking and are exchanged for a boarding pass to travel on an airplane.

Price Floors

A minimum price set by the government, above which a particular good or service can be traded in the market.