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14. Which statement is CORRECT? a. The burden of the FICA tax is equally split between workers and employers. b. Most of the burden of
14. Which statement is CORRECT? a. The burden of the FICA tax is equally split between workers and employers. b. Most of the burden of the FICA tax falls on workers. c. Most of the burden of the FICA tax falls on employers. d. Employees face no burden from the FICA tax. 15. What is the U.S. corporate tax rate? a. 6.2% b. 15.0% c. 21.0% d. 37.0%19. What are the two biggest sources of revenue for the U.S. federal government? a. individual income tax and Social Security and Medicare taxes b. corporate income tax and Social Security and Medicare taxes c. sales tax and Social Security and Medicare taxes d. sales tax and individual income tax24. President Obama's fiscal policy response to the 2008 recession involved changes in: a. government spending only. b. taxation only. c. both taxation and government spending. d. neither government spending nor taxation.25. People holding more cash because of a decrease in consumer confidence would cause: a. a decrease in the growth rate of both output and inflation. b. a decrease in the growth rate of output and an increase in the inflation rate. c. an increase in the growth rate of output and a decrease in the inflation rate. d. an increase in the growth rate of both output and inflation
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