The Employees of a Firm Complain That They Can Not

question 54

Multiple Choice

The employees of a firm complain that they can not afford to contribute $8,000 per year to a 401k,because of the loss of $8,000 of take home pay.In fact,how much will the take home pay be reduced if all taxes combined total 33%?

• A) $5,360
• B) $6,340
• C) $7,637
• D) $8,000

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Definitions:

Encoding

The act of altering information into a state that can be preserved in memory.

Information Processing Approach

A cognitive psychology theory that compares human thought processes to computer analysis, emphasizing ways in which people focus on, analyze, store, and retrieve information.

Piaget

Jean Piaget was a Swiss psychologist known for his pioneering work in child development, particularly his theory of cognitive development that describes how children's intellect grows.

Vygotsky

A psychologist known for the sociocultural theory, emphasizing the importance of social interaction in the development of cognition and learning among children.