Examlex
Why is it that people who have to fly at a moment's notice often pay some of the highest air fares whereas people who wait until the last minute to buy a ticket to a live performance of play may be able to get a better price than someone who bought their ticket months in advance.
Unemployment Compensation
Financial payments made to individuals who have lost their job through no fault of their own, intended to provide a temporary source of income.
Regressive Tax
A tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases, disproportionately affecting those with lower incomes.
Social Security Tax
A payroll tax collected to fund the Social Security program, charged to both employers and employees.
Sales Tax
A tax imposed by a government on sales of goods and services, collected by the retailer and passed on to the state or local government.
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