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Payroll Tax
Taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.
Unemployment Rate
The proportion of the workforce that is unemployed and actively seeking work.
Corporations
Legal entities that are separate and distinct from their owners, created to conduct business, can enter into contracts, loan and borrow money, sue and be sued.
Normative Economic Statement
An opinion or value judgment about what ought to be, rather than what is measurable or empirically observable.
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