Which of the following are NOT deducted on a typical pay stub:
a) sales tax
b) social security tax
c) state income tax
d) medicare tax
Which of the following are NOT deducted on a typical pay stub:
a) sales tax
b) social security tax
c) state income tax
d) medicare tax
Related textbook solutions
Related questions
1. In a progressive tax structure
the marginal tax rate exceeds the average tax rate for all but the first category or bracket.
taxes do not change the gap between upper and lower-income groups.
the average tax rate rises as income falls.
all the choices are correct.
2. You earn $40,000 and your income tax is $6,000. When you get a raise to $50,000 your income tax rises to $8,000. Which of the following is true?
Your average tax rate was 15% at $40,000.
Your marginal tax rate between these two incomes was 20%.
Your average tax rate is 16% at $50,000.
All of the above
3. If Person A earns a salary of $40,000 and Person B earns a salary of $800,000:
|
Person A will pay the same Medicare tax rate as person B. |
||
|
Person A will pay a larger Medicare tax rate than person B. |
||
|
Person A will pay a smaller Medicare tax rate than person B. |
||
|
The relative Medicare tax rate depends on their exemptions and withholdings. |
||
4. Net export is a positive figure when
|
a nation's exports of goods and services exceed its imports |
||
|
depreciation exceeds gross private domestic investment |
||
|
the economy's stock of capital is declining |
||
|
a nation's imports of goods and services exceed its exports |
||
