Which of the Following Would NOT Be an Employee Payroll

question 37

Multiple Choice

Which of the following would NOT be an employee payroll deduction?

• A) Federal Income Tax
• B) State Income Tax
• C) 401(k)
• D) FUTA

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Definitions:

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in no shortage or surplus.

Equilibrium Quantity

The quantity of goods or services sold and bought at the equilibrium price, where market supply equals market demand.

Demand Rises

A situation where the quantity of a good or service that consumers are willing and able to buy increases.

Demand Curve

A visual chart that illustrates how the demand quantity of a product or service correlates with its price over a specific time frame.