From the Graph Given Below, Identify the Fixed Costs Line

question 122

Multiple Choice

From the graph given below, identify the fixed costs line.

• A) OB
• B) AC
• C) AD
• D) AE

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Definitions:

Payroll Tax

Taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.

Social Insurance Tax

Taxes imposed on employees and employers to fund public insurance programs, such as social security, health care, and unemployment benefits.

Social Security

Social Security is a government system that provides financial assistance to people with an inadequate or no income, primarily the elderly, disabled, and survivors.

Income Support

Government-provided financial assistance aimed at ensuring individuals can meet a minimum standard of living.