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Solve the system of equations algebraically.
Tax Liability
The total amount of tax owed to the government by an individual, corporation, or other entity in a given tax period.
Taxable Income
The amount of income that is used to calculate an individual or a corporation's income tax due, after all deductions and exemptions.
Federal Unemployment Compensation
Financial assistance provided by the federal government to individuals who have lost their jobs.
Marginal Tax Rate
The rate at which the last dollar of a taxpayer's income is taxed, indicating the tax rate that applies to each additional dollar of taxable income.
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