Refer to the Following Wage Breakdown for a Garment Factory

question 1

Multiple Choice

Refer to the following wage breakdown for a garment factory. What is the class interval for the table of wages above?

• A) $2
• B) $3
• C) $4
• D) $5

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Definitions:

Corporation

A legal entity that is separate from its owners, with an independent existence that allows it to own property, enter contracts, and be liable for its actions.

General Partner

A member of a partnership who has unlimited liability and takes part in the daily operations of the business.

Taxed

Subjected to a financial charge or levy by a governmental organization in order to fund various public expenditures.

S Corporation

A close corporation whose shareholders have elected to be taxed essentially like partners are taxed under federal income tax law. Also called subchapter S corporation.