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The difference between zero accounting profit and zero economic profit is that
Federal Income Taxes
Taxes imposed by the government on the annual income of individuals, corporations, trusts, and other legal entities.
State Income Taxes
Taxes levied by individual states on the income of individuals and businesses within their jurisdiction.
Payroll Taxes
Taxes that are withheld from employees' wages or paid by employers on behalf of their employees, typically including social security and medicare taxes.
Subcontractors
Individuals or companies hired by a primary contractor to perform specific tasks as part of a larger project.
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