Table 20-5 2010 Labor Data for Tajnia

question 116

True/False

Table 20-5
2010 Labor Data for Tajnia

-Refer to Table 20-5.The labor-force participation rate of Tajnia in 2010 is about 40.8 percent.

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Definitions:

Social Security Tax

A tax levied on both employers and employees to fund the Social Security program, which provides benefits for retirees, disabled persons, and survivors.

Medicare Tax

A federal tax deducted from an employee's paycheck to fund the Medicare program.

Unemployment Tax

Taxes paid by employers to fund the unemployment insurance program, providing financial assistance to unemployed workers.

Federal Income Tax

A tax levied by the U.S. government on the annual earnings of individuals, corporations, trusts, and other legal entities.