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Rather than simply ordering his son to take out the garbage, Andy says, "Son, take out the garbage now. It's really full and I'm getting ready to make dinner, so I'll need more space in the garbage bags." What does Andy's statement illustrate?
FICA
Stands for Federal Insurance Contributions Act, specific U.S. legislation that funds Social Security and Medicare through payroll taxes.
Seller Bears
Refers to situations where the seller is responsible for any additional costs or risks associated with a transaction.
FICA Tax
A U.S. federal payroll tax that funds Social Security and Medicare, contributions are made by both employees and employers.
Burden Falls
An economic term referring to how the costs or economic burdens of a policy, tax, or regulation are distributed among various stakeholders.
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