Examlex
If the official settlements account is zero, whenever the United States has a current account deficit, it must also have a capital account deficit.
Federal Income Tax
is the tax levied by the national government on individuals' and entities' annual earnings, varying based on income levels and filing status.
Withholding
This refers to the amount of an employee's pay withheld by the employer and sent directly to the government as partial payment of income tax.
Exemptions
Deductions allowed by law to reduce the amount of income that is subject to taxation.
Social Security
Social Security is a government program designed to provide financial support to retirees, disabled individuals, and survivors of deceased workers, funded through payroll taxes.
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