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Inez is about to adopt a newborn and is discussing it with her best friend.Although her friend is happy for her,she can't help but express her concerns that maybe Inez will end up with a baby who came from parents that weren't ideal,particularly when it comes to intelligence.Inez replies that even if that is the case,if she provides a stimulating environment,she knows that she can help this child reach their full potential.What idea does Inez agree with?
FICA Tax
A United States federal payroll tax that funds Social Security and Medicare, deducted from employees’ paychecks and matched by employers.
Federal Income Tax
A tax levied by the United States Internal Revenue Service (IRS) on the annual earnings of individuals, corporations, trusts, and other legal entities.
Withholding Allowance
A portion of an employee's salary that is not included in their taxable income, used to account for personal exemptions and dependents, essentially reducing the amount of income tax withheld from their paycheck.
Federal Income Tax
The tax imposed by the U.S. government on the income generated by businesses and individuals within its jurisdiction.
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