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The Data for the U

question 30

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The data for the U.S.show that investment and profits


Definitions:

Net Pay

The amount of money an employee takes home after all deductions, such as taxes and benefits, are taken out of their gross salary.

FICA Tax

Federal Insurance Contributions Act tax; a United States federal payroll (or employment) tax imposed on both employees and employers to fund Social Security and Medicare.

Federal Income Taxes

Federal income taxes are taxes levied by the national government on taxable income of individuals, corporations, trusts, and other legal entities.

Health Insurance Premium

The amount paid, often on a monthly basis, for health insurance coverage to the insurance provider.

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