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The state that leaned on higher taxes rather than inflationary monetary policy was
FICA Taxes
FICA Taxes are payroll taxes collected to fund the Social Security and Medicare programs, split between the employer and the employee.
Payroll Tax Expense
The taxes that employers are required to withhold and pay on behalf of their employees, including Social Security and Medicare taxes.
State Unemployment Taxes
Taxes paid by employers to the state to fund unemployment insurance programs for workers who have lost their jobs.
Federal Unemployment Taxes
Taxes imposed by the federal government on employers to fund unemployment benefits for workers who have lost their jobs.
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