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The ________ curves are both vertical.
Self-Employment Taxes
Taxes that must be paid by individuals who work for themselves, covering Social Security and Medicare contributions.
Net Earnings
The amount of income left over after all expenses and taxes have been subtracted from total revenue, often referred to as net income.
FICA Withholding
The process of automatically deducting Social Security and Medicare taxes from an employee's paycheck, contributing to their future benefits.
FICA Tax
Taxes under the Federal Insurance Contributions Act, funding Social Security and Medicare, paid by both employees and employers.
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