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Explain what a VI/LH schedule is.Illustrate with two examples from everyday life (at least one of which is not in this chapter).
Social Security
Social Security is a government program that provides financial assistance to people with an inadequate or no income, including the elderly, disabled, and survivors.
Medicare
A federal health insurance program primarily for individuals aged 65 and over, as well as for some younger people with disabilities.
Medicaid
A social health care program for families and individuals with low income and limited resources in the United States.
Marginal Tax Rate
The rate at which the last dollar of a person's income is taxed, demonstrating how much tax the individual will pay on an additional dollar of income.
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