Statement I: the Primary Income Sources of the Rich Are

question 11

Multiple Choice

Statement I: The primary income sources of the rich are dividends,interest,and profit,none of which is subject to the Social Security tax.
Statement II: The payroll tax is the federal government's fastest-growing source of revenue.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Upward Comparison

The act of comparing oneself to others who are better off or more skilled, which can affect one's self-esteem.

Downward Comparison

A social comparison strategy where individuals compare themselves to others who are worse off to feel better about their own situation.

Temporal Comparison

The process of comparing one's current performance or state to one's performance or state at a previous time.

Self-serving Bias

The common habit of a person taking credit for positive events or outcomes, but blaming outside factors for negative events.