The social security tax is called FICA, which stands for: a. ...

[ereecah]

The social security tax is called FICA, which stands for:
 a. Federal Investment Corporation of America.
  b. Federal Income Contributions to Americans.
  c. Funding from Individuals and Corporations in America.
  d. Federal Insurance Contributions Act.

Question 2

Consider an economy with an adult population of 100, 50 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired. The labor force participation rate is _____.
 a. 100 percent
  b. 60 percent
 c. 50 percent
 d. 40 percent
 e. 10 percent

[princessflame2016]

Answer to Question 1

d

Answer to Question 2

b

[ereecah]

Thanks for the timely response, appreciate it

[mohan]

TYSM