The Median Net Income for Physicians Per Year in Primary

question 14

Multiple Choice

The median net income for physicians per year in primary care is:

• A) $50,000.
• B) $100,000.
• C) $150,000.
• D) $186,000.

Comprehend the concept of FICA taxes and their application in payroll.

Identify and calculate federal income tax withholding based on earnings and allowances.

Calculate total taxes withheld from an employee's earnings, including FICA, federal income, and unemployment taxes.

Recognize the structure and purpose of the unemployment insurance program.

---

Definitions:

Eighth Amendment

Part of the Bill of Rights that prohibits the federal government from imposing excessive bail, excessive fines, or cruel and unusual punishment.

Cruel and Unusual Punishment

A legal doctrine that prohibits inhumane or excessively disproportionate sentences for crimes, as outlined in the Eighth Amendment of the U.S. Constitution.

Judicial Review

The power of courts to assess the constitutionality of laws and government actions, crucial for upholding the rule of law.

Capital Punishment

The legally authorized killing of someone as punishment for a crime, often referred to as the death penalty.