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Devon takes temporary family leave from her job at Equipment Sales Company to care for a newborn baby. With respect to Devon's health-care coverage, during the leave, under the Family and Medical Leave Act, Equipment must
Excise Tax
A tax levied on specific goods, services, or transactions, such as alcohol, tobacco, and gasoline, often intended to discourage their use or generate revenue.
SUVs
Sport Utility Vehicles; a category of large vehicles that are designed for off-road use or have capabilities for off-road use but are often used as family cars.
Downward-Sloping
A characteristic of demand curves in economics, indicating that demand decreases as the price increases.
FICA Tax
A U.S. federal payroll tax that funds Social Security and Medicare, required to be paid by both employees and employers.
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