Explain What Demographic Questions Are and Why It Is Recommended

question 38

Essay

Explain what demographic questions are and why it is recommended that they appear at the end of the survey.

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Definitions:

FICA Tax

Federal Insurance Contributions Act tax, a U.S. tax that funds Social Security and Medicare, deducted from employees' paychecks and matched by employers.

Payroll Tax

Taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.

Federal Income Tax

A tax levied by the national government on an individual's or corporation's annual income.

Loss Contingencies

Potential losses that a company might incur if a certain event occurs, recognized in financial statements if the loss is probable and the amount can be reasonably estimated.