A Shift Occurs in the Supply Curve for Salt When

question 155

Multiple Choice

A shift occurs in the supply curve for salt when:

• A) the price of salt increases.
• B) improvements are made in the production process.
• C) salt is found to be associated with high blood pressure.
• D) consumers expect the price of salt to increase in the future.

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Definitions:

FUTA

The Federal Unemployment Tax Act, legislation that imposes a payroll tax on businesses to fund state workforce agencies.

SUTA

Refers to the State Unemployment Tax Act, a tax imposed by individual states on employers to fund unemployment benefits.

Tax Form 940

A form used in the United States to report annual Federal Unemployment Tax Act (FUTA) tax details about employees, applicable to employers who paid wages of $1,500 or more in any quarter or had one or more employees for at least part of a day in 20 or more different weeks.

W-3

A tax form used in the United States to transmit wage and tax information from employers to the Social Security Administration.