Complete Table 3 $\quad$ $\quad$ $\quad$ $\quad$

question 33

Multiple Choice

Complete Table 3.1.Then answer the indicated question. Table 3.1 Individual Demand and Supply Schedules In Table 3.1, if government held the price at $3,
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text {Quantity Demanded by}$

$\begin{array}{cc}\text { Price } & \text { Alejandro } &\text { Ben } & \text { Carl }&\text { Market }\\ \$ 8.00 & 8 & 4 & 2&\underline{\quad\quad} \\6.00 & 12&4 & 4&\underline{\quad\quad} \\4.00 & 20 &4 & 6&\underline{\quad\quad} \\2.00 & 22&4 & 6 &\underline{\quad\quad} \end{array}$
$\quad$ $\quad$ $\quad$$\text { Quantity Supplied by }$
$\begin{array}{lcccc}\text { Price } & \text { Avery } & \text { Brandon } & \text { Cassandra } \\\$8.00 & 60 & 4 & 6 &\underline{\quad\quad} \\\$ 6.00 & 42 & 4 & 4&\underline{\quad\quad} \\\$ 4.00 & 24 & 4 & 2&\underline{\quad\quad} \\\$ 2.00 & 6 & 4 & 0&\underline{\quad\quad} \end{array}$

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Definitions:

FICA Taxes

Federal Insurance Contributions Act taxes, which fund Social Security and Medicare, required deductions from employees' paychecks and matched by employers.

FICA Taxes

Federal taxes in the United States that fund Social Security and Medicare, required to be withheld from an employee's paycheck.

Tax Expense

The amount of taxation a company is required to pay to various tax authorities, based on its earnings.

SUTA Tax Payable

The liability owed by employers to the state for the State Unemployment Tax Act, used to fund unemployment benefits.