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Which of these nations was the least industrially advanced by 1900?
FICA Taxes
Taxes imposed by the Federal Insurance Contributions Act, which fund Social Security and Medicare, required to be withheld from employees' paychecks and matched by employers.
OASDI
Stands for Old-Age, Survivors, and Disability Insurance, a program that provides monthly benefits to retired individuals, survivors of deceased workers, and disabled workers funded through payroll taxes.
Federal Income Tax
The tax levied by the national government on individual or corporate income.
Allowances
Amounts deducted from an employee's gross pay for specific purposes such as taxes, health insurance, and retirement funds.
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