Examlex
The method used by a repeater to close down a segment is called ____.
Personal Income
The total amount of income received by an individual from all sources before any taxes or deductions.
FICA Taxes
Taxes collected under the Federal Insurance Contributions Act that fund Social Security and Medicare programs.
Regressive
Pertaining to a tax system in which the tax rate decreases as the taxable amount increases, commonly considered less fair because it imposes a heavier burden relative to income on those with less.
Progressive
Pertaining to a taxation system in which the tax rate increases as the taxable amount increases, imposing a higher percentage rate on the wealthy to ensure equity.
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