The Unemployment Rate Will Increase Whenever There Is A(n)

question 144

Multiple Choice

The unemployment rate will increase whenever there is a(n)

• A)increase in the number of persons classified as unemployed
• B)increase in the number of unemployed relative to the size of the labor force
• C)increase in the size of the U.S.population and there is no change in the number of persons classified as employed
• D)reduction in the size of the labor force
• E)reduction in the size of the labor force while the number of unemployed decreases

Understand the process and criteria for determining deposit frequencies for payroll taxes.

Understand how to calculate FUTA tax liability for a given year.

Learn to project FUTA tax payments for future quarters.

Comprehend how to avoid underpayment penalties for personal income tax.

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Definitions:

Marginal Cost

The addition to total expenses resulting from the production of one more unit of a product or service.

Price-taker Market

A market condition where individual sellers or buyers cannot influence the price of goods or services and must accept the prevailing market price.

Marginal Revenue

The additional income generated from selling one more unit of a good or service.

Average Variable Cost

The total variable cost divided by the quantity of output produced; it represents the variable cost per unit of output.