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"Fixed exchange rates are not even an option for most countries." Discuss.
FICA Tax
A U.S. federal payroll tax that funds Social Security and Medicare, requiring contributions from both employers and employees.
FUTA Tax
A federal tax in the United States imposed on employers to fund state workforce agencies and unemployment insurance.
Net Pay
Net pay is the amount of money an employee takes home after all deductions, such as taxes and retirement contributions, have been subtracted from the gross salary.
Unemployment Insurance
A government program that provides financial assistance to eligible workers who are unemployed through no fault of their own, offering temporary income support.
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