Which of the Following Is an Example of a Payroll

question 58

Multiple Choice

Which of the following is an example of a payroll tax?

• A)a tax on the wages that a firm pays its workers
• B)a "sin" tax on distilled alcohol
• C)a tax on corporate profits
• D)the portion of federal income taxes earmarked to pay for national defense

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Definitions:

Government Franchises

Government franchises are rights or licenses granted by the government to entities, allowing them to operate specific services or activities under regulation.

Perfect Knowledge

A theoretical concept where all consumers and producers have complete and instantaneous information about all aspects of the market.

Differentiation

Differentiation is a strategy used by businesses to distinguish their products or services from those of competitors, often through unique features, quality, or branding.

Average Revenue

The total revenue generated by a company divided by the number of units sold, indicating the revenue generated per unit.