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Which of the following should lead to the authentic happiness of a musician?
FICA Withholding
Taxes that are automatically deducted from an employee’s wages for Social Security and Medicare, as mandated by the Federal Insurance Contributions Act.
Tax Rate
The percentage at which an individual or corporation is taxed, varying by income or profits level and jurisdiction.
Deductions
Amounts that are subtracted from an individual's gross income to reduce the income subject to tax, including various expenses, contributions, and allowances.
Employee Payroll
The total amount due to employees for the work they’ve done, including wages, salaries, and bonuses.
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