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Payroll Tax
Taxes levied on employers or employees, and are based on the salary or wages of employees. These taxes fund social security and healthcare programs.
Elastic
describes a condition in which the quantity demanded or supplied of a good or service is highly responsive to changes in its price.
Corporate Profits Tax
A levy imposed on the income or profit earned by corporations or analogous legal entities.
Partnerships
A legal form of business operation between two or more individuals who share management and profits.
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