What Is the Amount of the Social Security Wage Limitation

question 121

Multiple Choice

What is the amount of the social security wage limitation for 2016?

• A)$118,500.
• B)$117,000.
• C)$110,100.
• D)$106,800.

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Definitions:

Test Statistic

A value calculated from sample data used to make a decision on whether to reject the null hypothesis.

Null Hypothesis

A default hypothesis that there is no significant effect or difference, usually tested against an alternative hypothesis in statistical analysis.

Indicator Variable

A variable used in statistical modeling and analysis that assigns a value of 0 or 1 to note the absence or presence of a particular condition or attribute.

Logistic Regression

A statistical analysis method used for prediction of a binary outcome, based on one or more predictor variables.