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One Reason Older Children and Adults Have Difficulty Recalling Events

question 30

Multiple Choice

One reason older children and adults have difficulty recalling events from their infancy and early childhood years is that:

Understand how the employee’s gross and net pay are calculated.
Recognize the implications of errors in payroll calculation on taxes like FICA-OASDI, FUTA, and SUTA.
Identify the components and purposes of the Fair Labor Standards Act (FLSA).
Understand the differences between gross pay, net pay, and taxable earnings.

Definitions:

Hindsight Bias

The tendency to believe, after learning an outcome, that one would have foreseen it.

Availability Heuristic

A cognitive bias that causes people to overestimate the likelihood of events based on their ability to recall examples more easily.

Confirmation Bias

The habit of looking for, comprehending, selecting, and reminiscing about information that validates an individual's prior convictions or theories.

Hindsight Bias

The tendency to believe, after learning an outcome, that one would have foreseen it, also known as the "knew-it-all-along" effect.

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