Which Statement Is NOT True

question 255

Multiple Choice

Which statement is NOT true?

• A) In 2013 the payroll tax was 12.4% of wage earnings up to a maximum of $113,700.
• B) If you retire at age 67,you will get larger monthly Social Security checks than if you retire before then.
• C) The money you contribute to FICA is yours,to be given back to you when you retire.
• D) Your Social Security benefits are determined by a formula based strictly on your lifetime contributions.

Recognize the managerial value of business planning in clarity of purpose and direction.

Understand how the business planning process can assist in financial decision-making and forecasting.

Comprehend the impacts of financial planning decisions on a firm’s need for external financing.

Understand and apply the concept of direct and inverse proportionality in real-world scenarios.

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Definitions:

Federal Jobs

are positions within the various branches of the United States government, including civilian and military roles.

Future Presidents

Individuals who will hold or are destined to hold the office of the President at a later time.

Protective Tariff

A tax imposed on imports to protect domestic industries from foreign competition by making imported goods more expensive.

Democrats

Members or supporters of the Democratic Party, one of the two major contemporary political parties in the United States, traditionally associated with progressive policies.