What Is Web 3

question 36

Essay

What is Web 3.0,and how do you think Web 3.0 developments could impact businesses?

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Definitions:

Inelastic

Describes a situation where the demand for a good or service is relatively unresponsive to changes in price.

FICA

The Federal Insurance Contributions Act, a United States federal payroll tax that funds Social Security and Medicare.

Paycheck

A document (or electronic transfer) issued by an employer to pay an employee for services rendered.

Tax Burden

The measure of the total amount of taxes paid by an individual, a business, or another entity to the government.