Examlex
Several consequences of the Great Depression of the 1930s led to the Second World War.Among these was:
Social Security Tax
A tax levied on both employers and employees to fund the Social Security program, which provides retirement, disability, and survivorship benefits.
Payroll Tax
Dues collected from employees or employers, calculated by taking a fraction of the pay employers give to their workers.
Taxable Income
The amount of income that is subject to income tax after all deductions, exemptions, and adjustments have been accounted for.
Deductions And Exemptions
Specific amounts that taxpayers can subtract from their gross income to reduce taxable income, potentially lowering their tax liability.
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