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The CEO of a Company and the Janitor of a Company

question 7

Multiple Choice

The CEO of a company and the janitor of a company pay the same $56 flat tax a year regardless of their income in Unemployment Insurance,although benefits are
Capped and the higher earner receives a smaller portion of previous income.Thus
Unemployment Insurance is a


Definitions:

Principal

The original sum of money borrowed in a loan or invested, excluding any interest or dividends.

Federal Estate

The estate of a deceased person that is subject to Federal estate taxes, which are taxes imposed on the transfer of the decedent's assets.

Abatement

The reduction, decrease, or relief from severity, intensity, or intensity of something, often used in the context of tax, rent, or environmental hazards.

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