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Which of the following is true of the leading strand?
Payroll Taxes
Taxes that are withheld from employees' wages by their employers and paid directly to the government, typically used to fund social security and healthcare programs.
Federal Income Tax
Federal income tax is a tax levied by the national government on individuals' and corporations' annual earnings, contributing to federal revenue.
Federal Budget Deficit
Occurs when a government spends more money than it receives from taxes and other revenues within a fiscal year.
Budget Deficits
Occurs when a government's expenditures surpass its revenues within a given fiscal period, necessitating borrowing or spending cuts.
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