Which of the Following Is an Example of a Payroll

question 58

Multiple Choice

Which of the following is an example of a payroll tax?

• A)a tax on the wages that a firm pays its workers
• B)a "sin" tax on distilled alcohol
• C)a tax on corporate profits
• D)the portion of federal income taxes earmarked to pay for national defense

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Definitions:

Price Discriminating

A pricing strategy where identical or similar products or services are sold at different prices to different buyers.

Marginal Cost

The outlay involved in generating one more unit of a product.

Buyer's Willingness

The maximum amount a consumer is ready to pay for a good or service, reflecting the value they place on it.

Output Level

The quantity of goods or services produced by a firm or economy at a given time.