At Friendly Financial Consulting, Employees Are Allowed to Choose What

question 234

Multiple Choice

At Friendly Financial Consulting, employees are allowed to choose what time they start each work day, as long as they arrive between the hours of 7:00 a.m. and 10:00 a.m. They must be on the job from 10:00 a.m. until noon and from 1:00 p.m. until 3:00 p.m. They are required to work a total of 8 hours each day, so the earlier they arrive, the earlier they can leave. This is a ___________ system.

• A) job sharing
• B) job enlargement
• C) flextime
• D) compressed work week

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Definitions:

Excise Tax

A tax imposed on the sale of specific goods and services, such as tobacco, alcohol, and gasoline.

Marginal Rate

The rate at which the cost or value of something changes with a one-unit increase in quantity or production.

Taxable Income

The amount of income used to calculate how much tax an individual or a company owes to the government in a given tax year.

Average Tax Rate

The proportion of total income that is paid in taxes, calculated by dividing total taxes paid by total income.