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Discuss the Uniform Crime Reports as a measure of crime in the United States.What are some of its shortcomings?
Social Security Tax
A tax paid equally by employee and employer, based on employee’s wages. Most proceeds are used to pay Social Security retirement and Medicare benefits.
Personal Income Tax
A tax levied on individuals or entities based on their income or profits.
Corporate Profits
The surplus income of corporations after all expenses have been met, indicative of corporate health.
Inflationary Gap
Occurs when equilibrium GDP is greater than full-employment GDP.
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