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An iron-core inductor is used in low frequency applications.
Medicare Tax
A federal tax deducted from employees' paychecks to fund the Medicare program, which provides healthcare to seniors.
Federal Withholding
The amount of an employee's pay withheld by the employer and sent directly to the government as partial payment of taxes.
Taxable Income
The amount of an individual's or a corporation's income used to determine how much tax is owed to the government.
Married Filing Jointly
A tax filing status for married couples who choose to combine their income and deductions on a single tax return.
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