When a Local Taco Bell Extended Its Operating Hours on Friday

question 36

Multiple Choice

When a local Taco Bell extended its operating hours on Friday and Saturday nights to 24-hour service to satisfy its college market,it was instituting a(n) :

• A) Compliant standard
• B) Concrete substitution
• C) Internal anchor
• D) One-time fix
• E) Quick solution

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Definitions:

Taxable Wage Base

The maximum amount of an employee's earnings that are subject to certain taxes, such as Social Security tax, within a given tax year.

Employer's Portion

The part of employment taxes and benefits that the employer is responsible for paying, separate from employee withholdings.

Taxes

Mandatory financial contributions imposed by a government on individuals, corporations, and other entities to fund public expenditures.

FICA

FICA stands for the Federal Insurance Contributions Act and refers to the taxes collected to fund Social Security and Medicare programs in the United States.