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Federal Minimum Wage Requirements Were Initiated in 1938 as Part

question 121

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Federal minimum wage requirements were initiated in 1938 as part of:


Definitions:

Tax Deduction

An allowable reduction from gross income that decreases taxable income and reduces the amount of tax owed.

Married Taxpayers

Couples legally married who can choose to file joint or separate tax returns, which can affect their tax liabilities and benefits.

Tax Liability

The total amount of tax owed to a taxing authority based on the taxable income of an individual or corporation.

Taxable Income

The amount of income used to calculate an individual's or a company's income tax due, determined by subtracting deductions and exemptions from total income.

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