What Percentage of Total U

question 231

Multiple Choice

What percentage of total U.S. "value added" is produced by manufacturers which employ 250 or more employees?

• A) 40 percent
• B) Almost 60 percent
• C) 30 percent
• D) Less than 5 percent
• E) 10 percent

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Definitions:

Corporate Profits Tax

A tax imposed by governments on the income earned by companies and corporations.

Labor Supply

The total amount of hours employees are ready and capable of working for a specified rate of pay.

Payroll Tax

A tax imposed on employers or employees, and is typically calculated as a percentage of the salaries that employers pay their staff.

Tax Shifting

The process whereby the economic burden of a tax is passed on from one group to another.