Examlex
Established tests and measurements are indexed in
Payroll Taxes
Taxes imposed on employers and employees, calculated as a percentage of the salaries that employers pay their staff.
Medicare Taxes
Taxes collected in the United States to fund the Medicare program, which provides healthcare to the elderly and disabled.
Average Tax Rate
The percentage of an individual's or entity's gross income that is paid in taxes.
Marginal Tax Rate
The rate at which the last dollar of income is taxed, indicating the percentage of any additional dollar of income that will be paid in taxes.
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