Examlex
Although Cody states he wants to change, he holds a position of authority in prison due to his numerous previous incarcerations. He runs a "store" in his living unit and is known as the guy who can "get things done." What adaptive role describes how Cody is doing his time?
FICA
FICA stands for the Federal Insurance Contributions Act and is a United States federal payroll tax that funds Social Security and Medicare programs.
Payroll Tax
A tax on the earnings an employer pays to an employee.
Burden Of The Tax
The burden of the tax refers to the impact of a tax on the economic welfare of stakeholders, indicating who ultimately bears the cost of the tax.
Elasticity Of Demand
A measure of how much the quantity demanded of a good responds to a change in the price of that good, quantitatively measured as the percentage change in quantity demanded relative to a percentage change in price.
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