Examlex
Simplify. Assume that all variables represent positive real numbers.
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Corporate Income Tax
A tax imposed on the net income (profit) of corporations, calculated as a percentage of their net income.
Social Security Tax
is a tax levied on both employers and employees to fund the Social Security program, which provides benefits to retirees, disabled individuals, and survivors.
Regressive Tax
Falls more heavily on the poor than on the rich; for example, Social Security tax.
Transfer Payment
Payments made by the government to individuals or other entities without the exchange of goods or services, such as welfare or social security.
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