Identify Which of the Following Conditions Contribute(s) to the Declining

question 16

Multiple Choice

Identify which of the following conditions contribute(s) to the declining middle class?

• A) The jobs in the relatively well-paid industrial sector are being replaced predominantly by the low-pay and low-prestige service jobs that offer few benefits and no advancement potential.
• B) Declining standard of living for entire communities experienced as a result of companies relocating.
• C) Declining standard of living for those workers, who still remain in the manufacturing sector, which is a result of decreasing bargaining power of the unions.
• D) All of the above

Understand and calculate Social Security taxes based on different income levels.

Differentiate between marginal and average tax rates and how to calculate them.

Identify the proportion of federal receipts coming from individual income taxes.

Recognize the distribution of federal government spending, including defense and entitlement programs.

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Definitions:

Stock Option Plans

Programs established by companies to give employees the right to purchase a specific number of the company's shares at a fixed price for a certain period of time.

Stock Appreciation Rights

A type of incentive or compensation mechanism provided to employees that gives the right to receive a bonus equivalent to the increase in the company’s stock price over a set period.

Compensatory

Refers to something intended to recompense or make up for a loss, injury, or inconvenience.

Stock Option Plan

A compensation strategy businesses use to grant employees the option to purchase company stock at a discounted price in the future.