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Evaluate the algebraic expression under the given conditions.
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Federal Income Tax
A financial obligation placed by the US federal government on the annual incomes of individuals, corporations, trusts, and different legal organizations.
Disposable Income
Discretionary financial resources available to households for spending and saving after tax.
Consumption
The consumption of products and services by families, which adds to the total demand within the economic system.
45-Degree Line
In economics, a graphical representation where all points on the line represent where the value of the goods and services produced equals total spending.
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