QUESTION IMAGE
Question
which of the following statements is positive? select one: a. there is a limit to the income each year to which the fica tax applies, but that is fair, since there is a limit to social security benefits. b. i am absolutely positive that there is a better way. c. social security benefits are not taxed. d. social security payments to retirees should not be taxed.
In economics, positive statements are objective statements that can be tested or rejected by referring to available evidence. Statement a and d involve value - judgments (fairness and should - statements), and statement b is not an economic statement about facts. Statement c is an objective claim about social security benefits and taxation that can be verified with data.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
C. Social security benefits are not taxed.