-The Price of Product X Is $3, the Price of Product

question 153

Multiple Choice

-The price of product X is $3, the price of product Y is $2, and you have $18 to spend. What combination of product X and product Y will give you the most satisfaction?

• A) 5 units of product X; 1 unit of product Y
• B) 4 units of product X and 3 units of product Y
• C) 2 units of product X and 5 units of product Y
• D) 3 units of product X and 5 units of product Y

---

Definitions:

Medicare Tax

A federal tax paid by employees and employers to fund the Medicare program, which provides health insurance for individuals who are 65 years of age and over, or who meet other specific criteria.

Payroll Taxes

Taxes imposed on employers and employees based on the wages and salaries of employees, used to finance social security and Medicare programs.

State Unemployment Contributions

Taxes paid by employers to state government funds for unemployment compensation programs.

Percentage Method

A way of calculating withholding taxes on an employee's pay by using percentages defined by tax tables based on the employee's earnings and filing status.