Consider Two People Who Are Currently Out of Work

question 230

Multiple Choice

Consider two people who are currently out of work. Tim is not looking for work because there have been many job cuts where he lives, and he doesn't think it likely that he will find work. Bev is not currently looking for work, but she would like a job, and she has looked for work in the past. The Bureau of Labor Statistics considers

• A)both Tim and Bev to be marginally attached workers.
• B)neither Tim nor Bev to be marginally attached workers.
• C)only Tim to be a marginally attached worker.
• D)only Bev to be a marginally attached worker.

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Definitions:

Business Organization

A legal entity formed to conduct business, including structures like corporations, partnerships, and sole proprietorships.

Federal Income Tax

A tax levied by the federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.

Sole Member

The only individual in ownership or participation of an entity, such as a single-member LLC.

Taxed As

The classification or manner in which a financial transaction or entity is subjected to taxation by governing authorities.