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What was the result of the Compromise of 1877?
Federal Income Tax
A tax levied by the IRS on the annual earnings of individuals, corporations, trusts, and other legal entities.
Medical Insurance
A type of insurance coverage that pays for medical and surgical expenses incurred by the insured.
Withholding Allowance
An amount claimed on tax Form W-4 that determines how much income tax the employer will withhold from each paycheck. Each allowance claimed (as for a spouse or dependents) reduces the amount of income tax withheld.
Taxable Income
The portion of an individual’s or corporation's income that is subject to taxes by the government.
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