Variables That Classify Individuals on the Basis of Personal Values

question 96

Multiple Choice

Variables that classify individuals on the basis of personal values they hold,hobbies and interests,and lifestyle are called

• A)demographic
• B)geographic
• C)socioeconomic
• D)psychographic

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Definitions:

FICA

Federal Insurance Contributions Act; a U.S. law that requires a payroll tax on both employees and employers to fund Social Security and Medicare.

Unemployment Taxes

Taxes imposed on employers by the government to fund unemployment insurance programs.

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.