It Is Mandatory for Both the Employer and Employee to Pay

question 133

Multiple Choice

It is mandatory for both the employer and employee to pay:

• A)FICA.
• B)SUTA.
• C)Employee income tax.
• D)Federal unemployment tax.

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Definitions:

Total Cost

The sum of fixed and variable costs incurred by a firm in producing and distributing a specified level of output.

Marginal Cost

The expenditure involved in fabricating one more unit of a product or service.

Average Total Cost

Average total cost is the total cost of production divided by the quantity of output produced, indicating the cost on a per-unit basis.

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