Examlex
The table given below shows the values of different components of aggregate expenditure of an economy. The equilibrium level of gross domestic product (GDP) is _____.
FICA Taxes
Federal taxes in the United States that fund Social Security and Medicare, required to be withheld from employees' paychecks.
State Income Taxes
State-specific levies on the earnings of individuals and businesses within their territories.
Union Dues
Fees paid by members to labor unions for the costs of union representation, benefits, and collective bargaining.
Payroll Register
A detailed record of each employee's wages, deductions, and net pay for a certain period.
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