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Discuss the Procedures for Congress in the Congressional Budget Act

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Essay

 Discuss the procedures for Congress in the Congressional Budget Act of 1974.


Definitions:

FICA Tax

A U.S. federal payroll tax used to fund Social Security and Medicare, distributed between employees and employers.

FUTA Tax

A United States federal tax levied on employers to fund state workforce agencies and unemployment benefits.

SUTA Tax

State Unemployment Tax Act; a tax that employers are required to pay to the state government to fund unemployment benefits for workers who lose their jobs.

Cumulative Earnings

The total amount of net income earned by a company over its entire existence.

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