Match the Terms That Follow with the Correct Definitions

question 2

Multiple Choice

Match the terms that follow with the correct definitions.
-Federal tax paid by the employee and matched by the employer

• A)Form W-4
• B)SUTA tax
• C)Employee's individual earnings record
• D)Worker's compensation insurance
• E)Form 940
• F)FICA Medicare
• G)Form 941
• H)FUTA tax
• I)Form W-3
• J)Form W-2

---

Definitions:

Deadweight Loss

The falloff in economic efficiency that strikes when equilibrium for a good or service isn’t met or is beyond reach.

Tax Revenue

The revenue governments receive as a consequence of taxes.

Deadweight Loss

Failure to reach free market equilibrium for a good or service leads to a loss in economic efficiency.

Labor Supply

The total hours that workers are willing and able to work at a given rate of pay, across different job markets or sectors.