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Jake opens a pig farm in Idaho. To start his farm, he uses his entire $50,000 of savings from his savings account. The bank was paying him $2,500 interest on his saving. Explain why the $2,500 is one of Jake's costs.
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Federal Unemployment Tax Act liability, which denotes the tax employers must pay to fund the federal government's unemployment benefits.
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Insurance offering medical benefits and compensation for lost wages to employees who get injured while working.
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