Examlex
Where does the abbreviation SOA stand for?
Payroll Tax
Taxes imposed on employers and employees, based on the wages and salaries paid to workers, used to fund social security and other government programs.
Great Recession
A profound global economic downturn that began in 2007 and lasted until 2009, marked by significant declines in economic activity worldwide.
Social Security Taxes
Social Security taxes are taxes collected from employees and employers to fund the Social Security program, providing retirement, disability, and survivors' benefits.
Government Expenditures
The total amount of spending by the government, including on services, infrastructure, and social welfare programs.
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