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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 32
Circle the letter that corresponds to the best answer. Which statement is true?
A) Bill Gates pays more Social Security tax than most American workers.
B) The rich pay a higher proportion of their income in Social Security tax than in federal personal income tax.
C) Most wage earners pay more in federal personal income tax than in Social Security tax.
D) The rich pay Social Security tax on nearly their entire income.
A) Bill Gates pays more Social Security tax than most American workers.
B) The rich pay a higher proportion of their income in Social Security tax than in federal personal income tax.
C) Most wage earners pay more in federal personal income tax than in Social Security tax.
D) The rich pay Social Security tax on nearly their entire income.
Explanation
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Out of the given options, the only optio...
Macroeconomics 11th Edition by Stephen Slavin
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