Payments to Social Security Are Based on Salary and Made

question 27

Multiple Choice

Payments to Social Security are based on salary and made monthly by

• A)employees only.
• B)employers only.
• C)both employees and employers.
• D)everyone except self-employed people.

---

Definitions:

Internal Rate

A term often not complete on its own, likely referring to "Internal Rate of Return (IRR)," which is the discount rate that makes the net present value (NPV) of all cash flows from a particular project equal to zero.

Present Value Tables

A set of tables that provide the factor needed to calculate the present value of a single payment or series of payments to be received in the future.

Investment

The allocation of resources, usually money, in assets or projects with the expectation of generating income or profit.

Compound Interest

Interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods.