Which Statement Is True

question 294

Multiple Choice

Which statement is true?

• A)A person earning $100,000 pays $10,000 in payroll tax.
• B)Most taxpayers pay more in payroll tax than in personal income tax.
• C)The Medicare tax rate is 6.2%.
• D)There is no such thing as a regressive tax.

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Definitions:

Organization Environment

Pertains to the external and internal factors influencing an organization's operations, including economic, technological, social, and political elements.

Situational Analysis

Situational analysis refers to the process of evaluating the current state of a situation or environment to make informed decisions.

Weaknesses

Areas of lack or deficiency that may hinder achievement or performance.

Strengths

The inherent capacities or talents that individuals or organizations can leverage to achieve their goals effectively.