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The key outcomes for the business section examines
State Income Tax
A tax imposed by individual states on the income of residents and sometimes non-residents who earn income within the state.
FICA
Federal Insurance Contributions Act; a U.S. law that requires a payroll tax on both employees and employers to fund Social Security and Medicare.
Unemployment Taxes
Taxes imposed on employers by the government to fund unemployment insurance programs.
Taxable Wage Base
The maximum amount of an employee's earnings that are subject to certain taxes, such as Social Security tax, within a given tax year.
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