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Describe the effects of the Smoot-Hawley tariff imposed by the United States in 1930.
Unemployment Program
A government initiative providing financial assistance and support services to eligible individuals who are temporarily out of work.
FICA-OASDI Tax
Federal Insurance Contributions Act - Old Age, Survivors, and Disability Insurance tax; a payroll tax that funds Social Security and Medicare in the United States.
FICA-Medicare Tax
A payroll tax deducted from employee wages and paid by both employees and employers to fund Medicare.
Federal Income Tax
A tax levied by the federal government on yearly income earned by individuals, businesses, and other organizations.
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