-Using Figure 1

question 65

Multiple Choice

-Using Figure 1.7 we know the production of 10 units of soda and 2 units of pizza is

• A)possible, but there would be unemployed resources.
• B)possible, but only if all resources were fully employed.
• C)impossible because we either do not have the resources or the technology.
• D)undesirable.

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Definitions:

TIN

Taxpayer Identification Number; a unique identifier assigned by the Internal Revenue Service or Social Security Administration to track taxpayers and accounts.

W-9 Forms

A request for taxpayer identification number and certification, used in the United States to provide information to entities that pay you income.

Penalty

A fine or charge levied by the IRS for failure to comply with tax laws, such as late filing or underpayment of taxes.

Federal Tax Withholding

The portion of an employee's wages removed by the employer and sent directly to the government as partial payment of income tax.