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Paulette goes to an electronic store to purchase a refrigerator. After comparing the technical features, prices, and durability of the various brands of refrigerators available, she purchases the one that is cheaper and smaller in size than the rest. In this case, Paulette has purchased a _____.
FICA Tax
A federal tax in the United States, consisting of a Social Security tax and a Medicare tax, deducted from employees' paychecks to fund these programs.
Payroll Information Sheet
A document that contains details about an employee's salary, deductions, and other payroll-related information.
Social Security Number
A unique nine-digit number assigned to individuals in the United States for tracking earnings and benefits within the social security system.
Beneficiary
A person or entity entitled to receive benefits or funds under a will, insurance policy, retirement plan, or other contract.
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