An Explicit Cost Is

question 80

Multiple Choice

An explicit cost is

• A)a nonmonetary opportunity cost.
• B)a cost specifically related to government rules and regulations.
• C)a cost that involves spending money.
• D)a cost unique to corporations.

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Definitions:

Tax Withheld

Refers to income tax that is deducted directly from an employee's salary and paid to the government by the employer.

Marital Status

A legal or social recognition of a person's relationship, indicating whether they are single, married, divorced, etc.

Number of Exemptions

Refers to the count of allowances on a tax return that reduces the amount of income that is subject to tax, based on the taxpayer's family size or specific other criteria.

Office Manuals

Documentation or handbooks that outline the procedures and policies of a particular work environment or organization.