A Significant Economic Problem During the War Was

question 42

Multiple Choice

A significant economic problem during the war was:

• A)finding enough workers for the essential wartime industries.
• B)overcoming high unemployment that lingered from the Depression.
• C)dealing with deflationary pressures that killed consumer demand.
• D)women refusing to work in wartime industries.
• E)raising low wages.

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Definitions:

FICA Taxes

Taxes imposed on both employees and employers to fund Social Security and Medicare, based in the United States.

Payroll Records

Documentation related to employees’ pay, including details of salaries, wages, bonuses, deductions, and taxes, maintained by an employer.

Journal Entry

An accounting entry documenting the specifics of a financial deal.

Current Liability

A company's debts or obligations that are due within one year.