The OASDI Taxable Wage Base Is Correctly Defined As

question 80

Multiple Choice

The OASDI taxable wage base is correctly defined as:

• A) all amounts earned by an employee during a calendar year.
• B) the maximum amount of wages during a calendar year that is subject to the OASDI tax.
• C) all amounts paid an employee during a calendar year.
• D) all amounts either earned by, or paid to, an employee during a calendar year.
• E) none of the above.

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Definitions:

Constitutes Offense

Defines or establishes the act or actions considered to be a violation of law or rules.

Modified Comparative Negligence

In some states, a defense whereby the defendant is not liable for the percentage of harm that he or she proves can be attributed to the plaintiff's own negligence if the plaintiff's negligence is responsible for less than 50 percent of the harm. If the defendant establishes that the plaintiff's negligence caused more than 50 percent of the harm, the defendant has no liability.

Fault Percentage

The degree of responsibility, expressed as a percentage, attributed to each party in a legal dispute.

50% At Fault

A principle in some legal systems where, if both parties involved in an accident are equally responsible, each must bear half the liability and damages.