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Robert has worked for the past twenty years on an assembly line at a General Motors plant. Recently Robert was laid off as robots were put on the line. Robert is experiencing:
FICA-OASDI
The Federal Insurance Contributions Act's component for Old-Age, Survivors, and Disability Insurance, a payroll tax that funds Social Security.
FUTA
The Federal Unemployment Tax Act, a United States federal law that imposes a payroll tax on employers to fund state workforce agencies.
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