In 2010 the Federal Government Reduced the Social Security Tax

question 163

Multiple Choice

In 2010 the federal government reduced the Social Security tax withholding rate from 12.4 percent (6.2 percent on both the employer and employee) to 8.4 percent (4.2 percent on both the employer and employee) on the wages of all workers. If the supply of labor is relatively inelastic when compared to the elasticity of the demand for labor, the burden of this tax will

• A) continue to fall primarily on employees.
• B) continue to fall primarily on employers.
• C) be divided equally between employees and employers.
• D) change from primarily falling on employees to employers.

---

Definitions:

Servant Leadership

A leadership philosophy in which the main goal of the leader is to serve. This is different from traditional leadership where the leader's main focus is the thriving of their company or organizations.

Employee Needs

The requirements or conditions necessary to maintain employee satisfaction and productivity in the workplace.

Job Rotation

A method of employee development where individuals are moved between different tasks or roles to learn new skills.

Management Development

Programs and activities aimed at improving the skills, knowledge, and abilities of managers and potential managers to enhance organizational effectiveness.