For questions 1-10, fill in the blank with the letter of the term or description that best matches

the term.

descriptions:

a. the amount of an employee's income that an employer sends directly to the federal, state, or local

tax authority

b. taxes, insurance, and saving plans deducted from a paycheck

c. provides a summary of the payroll information for each pay period

d. commission, hourly rate, and salary

e. fee paid for providing a service, usually as a percentage of the total amount of the business

transacted

f. social security, medicare, federal, and state taxes

g. type of payment where an employee is only paid for the hours worked

h. health insurance, retirement plans, life insurance, and stock purchase plans

i. a payment amount that is paid yearly, and is then divided into weekly, biweekly, or monthly

payments throughout the year

j. deductions that are untaxed

The new york times (nov. 30, 1993) reported that “the inability of opec to agree last week to cut production has sent the oil market into turmoil . . [leading to] the lowest price for domestic crude oil since june 1990.” why were the members of opec trying to agree to cut production? so they could save more oil for future consumption so they could lower the price so they could raise the price why do you suppose opec was unable to agree on cutting production? because each country has a different production capacity because each country experiences different production costs because each country has an incentive to cheat on any agreement the newspaper also noted opec’s view “that producing nations outside the organization, like norway and britain, should do their share and cut production.” what does the phrase “do their share” suggest about opec’s desired relationship with norway and britain? opec would like norway and britain to keep their production levels high. opec would like norway and britain to act competitively. opec would like norway and britain to join the cartel.