The Descriptions Give the Responses of Four Individuals to Statistics

question 51

Multiple Choice

The descriptions give the responses of four individuals to Statistics Canada.
1.Mollie just graduated from university and is now looking for work.She has had three job interviews in the past month.
2.George works in an automotive assembly plant.He was laid off six months ago as the economy weakened.He expects to return to work in several months when national economic conditions improve.
3.Jeanette worked as an aircraft design engineer for a company that produces military aircraft until she lost her job last year when the federal government cut defence spending.She has been looking for similar work for a year but no company seems interested in her aircraft design skills.
4.Ryan lost his job last year when his company downsized and laid off middle-level managers.He tried to find another job for a year,but was unsuccessful and quit looking for work.
-Refer to the above information.Which individual would be included in the calculation of the full-employment unemployment rate?

• A) 1 only
• B) 2 only
• C) 1 and 3
• D) 2 and 4

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Definitions:

Form 940

A form utilized by employers to declare their yearly tax under the Federal Unemployment Tax Act (FUTA) to the IRS.

FICA-OASDI

Federal Insurance Contributions Act - Old Age, Survivors, and Disability Insurance; a U.S. payroll tax that funds Social Security benefits.

Federal Income Tax

A charge imposed by the national government on the yearly income of persons, businesses, trusts, and other legal bodies.

FICA-OASDI

Refers to the Social Security portion of the Federal Insurance Contributions Act tax, funding retirement, disability, and survivor benefits.