Deunionization Refers to the Fact That the Percentage of Workers

question 82

Multiple Choice

Deunionization refers to the fact that the percentage of workers in the American workforce who are members of a union has dropped; at their peak some fifty years ago unions counted for nearly 35% of the workforce, today only about _________ are unionized.

• A) 31 percent
• B) 23 percent
• C) 12 percent
• D) 7 percent

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Definitions:

Taxable Income

Taxable Income is the amount of an individual's or a company's income used to determine how much tax will be owed to the federal government.

Marginal Tax Rate

The rate of tax applied to your next dollar of income, representing the percentage of tax you pay on any additional income.

Marginal Tax Rate

This represents the percentage of tax applied to an individual's or corporation's last dollar of income, indicating the tax impact on incremental income.

Net Income

After accounting for all costs and paying taxes, the remaining revenue that constitutes a company's profit.