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Using China as an example, what are some of the omnipresent challenges of globalization?
FICA-Medicare
Part of the U.S. payroll tax that funds Medicare, providing health insurance to individuals aged 65 and over, and to certain younger people with disabilities.
Federal Income Tax
An annual financial obligation placed on individuals, companies, trusts, and various legal entities by the central government.
State Income Tax
A tax imposed by a state on the income earned by individuals, corporations, or other legal entities within that state.
Federal Income Tax
The tax levied by the IRS on the annual earnings of individuals, corporations, trusts, and other legal entities.
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