-In the Above Table, Net Exports Equal a

question 178

Multiple Choice

-In the above table, net exports equal a

• A) surplus of $200 billion.
• B) deficit of $200 billion.
• C) surplus of $100 billion.
• D) deficit of $100 billion.

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Definitions:

FICA Tax

A federal tax in the United States that funds Social Security and Medicare, contributed by both employees and employers.

Tax Withheld

The portion of an employee's income that an employer sends directly to the government as a payment of income taxes.

Federal Income Tax

The tax levied by the Internal Revenue Service on the annual earnings of individuals, corporations, trusts, and other legal entities.

FICA Tax

A U.S. federal payroll tax that funds Social Security and Medicare, requiring contributions from both employers and employees.