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How are the identities S = NCO + I and NCO = NX related to the foreign currency exchange market and the loanable funds market?
Internal Revenue Code
The federal statute that codifies all the United States tax laws, including income tax, payroll tax, gift tax, estate tax, and many other types of taxes.
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The total amount of tax that an individual or entity is legally obligated to pay to a taxing authority based on income, property value, transactions, or other taxable events.
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The practice of deducting taxes from an employee's salary by their employer, to pay it directly to the government as a part of the employee's income tax liability.
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