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Paycheck
A document (or electronic transfer) issued by an employer to pay an employee for services rendered.
Tax Burden
The measure of the total amount of taxes paid by an individual, a business, or another entity to the government.
Tax Burden
Refers to the total amount of tax that individuals or businesses must pay, relative to their income or profit.
Binding Price Ceiling
A limit imposed by the government on how high a price can be charged for a good or service, which is set below the equilibrium price, causing a shortage.
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