Examlex
Which of the following is an example of Canada's vertical fiscal gap?
Short-Term Obligation
Debt or financial obligations due within one year.
Payroll Taxes
Taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.
Employee
An individual who works part-time or full-time under a contract of employment, contributing labor and expertise to an employer.
Employer
An individual or organization that hires and pays people to work.
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