One Reason for the Decline of the U

question 72

Multiple Choice

One reason for the decline of the U.S.labor force participation rate for men since 1959 is that

• A) women entering the labor force have discouraged male workers.
• B) technology has created many new white-collar jobs with flexible work hours.
• C) an increase in wealth allowed some men to retire early.
• D) fewer men pursued higher education.
• E) the number of part-rime jobs has decreased.

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Definitions:

Deferred Tax Liability

A tax obligation owed by an entity in the future due to temporary differences between the book value of assets and liabilities and their tax value.

Income Tax Expense

The expense reported on the income statement that represents the amount of income tax a company owes to governmental authorities.

Tax Rate

The percentage at which an individual or corporation is taxed.

Lease Asset

An asset that is acquired under a lease agreement wherein the lessee has the right to use the asset for a specified period.