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Use the Following Diagram to Answer the Following Questions

Question 58

Multiple Choice

Use the following diagram to answer the following questions.
Use the following diagram to answer the following questions.    -Refer to Payroll. The area of G + K represents: A)  labor's earnings in the absence of a payroll tax. B)  the amount of the payroll tax remitted to the federal government. C)  labor's earnings after a payroll tax. D)  value of the output produced by labor.
-Refer to Payroll. The area of G + K represents:


A) labor's earnings in the absence of a payroll tax.
B) the amount of the payroll tax remitted to the federal government.
C) labor's earnings after a payroll tax.
D) value of the output produced by labor.

Correct Answer:

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