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Table 18-1
Suppose $1 billion is available in the budget and Congress is considering allocating the funds to one of the following three alternatives: 1) Subsidies for education, 2) Research on Alzheimer's or 3) Increased border security. Table 18-1 shows three voters' rankings of the alternatives.
-Refer to Table 18-1.Suppose a series of votes are taken in which each pair of alternatives is considered in turn.If the vote is between allocating funds to subsidies for education and research on Alzheimer's,
Taxes
Mandatory financial contributions imposed by a government on individuals, corporations, and other entities to fund public expenditures.
FICA
FICA stands for the Federal Insurance Contributions Act and refers to the taxes collected to fund Social Security and Medicare programs in the United States.
SUTA
A state-level tax paid by employers to fund the state’s unemployment insurance program.
FUTA
The Federal Unemployment Tax Act, which imposes a payroll tax on employers to fund state workforce agencies.
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