Which Statement Is False

question 232

Multiple Choice

Which statement is false?

• A)There are now nine federal personal income tax brackets.
• B)Most people pay more in Social Security tax than in personal income tax.
• C)We pay more in direct than indirect taxes to the federal government.
• D)None is false.

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Definitions:

Earnings Per Share

A metric that calculates the portion of a company's profit allocated to each outstanding share of common stock, indicating the company's profitability.

Price Per Share

The current market price of a company's share, reflecting what investors are willing to pay for one share of the company's stock.

Current Ratio

An indicator of a business's capability to settle obligations due within a year, measuring its immediate financial solvency.

Quick Ratio

A measure of a company's ability to meet its short-term obligations with its most liquid assets, calculated by subtracting inventories from current assets, then dividing by current liabilities.