Examlex
Which of the following is a multidisciplinary field of study, is the study of aging processes and aging individuals, as well as of the practices and policies that are designed to assist older adults?
FICA Taxes
Taxes collected under the Federal Insurance Contributions Act that fund Social Security and Medicare programs.
Regressive
Pertaining to a tax system in which the tax rate decreases as the taxable amount increases, commonly considered less fair because it imposes a heavier burden relative to income on those with less.
Progressive
Pertaining to a taxation system in which the tax rate increases as the taxable amount increases, imposing a higher percentage rate on the wealthy to ensure equity.
Consumption Tax
A tax on the purchase of goods or services, levied at the point of sale, designed to tax spending rather than income or savings.
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