Why Might Poland Be a Good Country to Open an Operation

question 49

Multiple Choice

Why might Poland be a good country to open an operation for a business that needs a large available labor supply?

• A) The unemployment rate in Poland has been very high since the 2008 recession.
• B) The female labor force participation rate in Poland is extremely low.
• C) The cost of living in Poland is the lowest in the world.
• D) More than 15 percent of Poles work in agriculture.
• E) Most members of the Polish workforce work on a part-time basis.

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Definitions:

Head of Household

A tax filing status for unmarried individuals that provides a higher standard deduction and lower tax rates than the Single filing status, if they have a qualifying person living with them.

Standard Deduction

A fixed dollar amount deducted from an individual's taxable income, reducing the amount of income subject to federal income tax, which varies by filing status and is adjusted annually.

Personal Exemption

A deduction allowed by the IRS from taxable income for the taxpayer and each qualified dependent, diminishing until eliminated in tax year 2018 under the Tax Cuts and Jobs Act.

AGI

Adjusted Gross Income; an individual's total gross income minus specific deductions, used to determine taxable income.