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In this lesson, Nick Palazzolo, CPA, delves into the world of federal regulations and programs that although not as heavily focused on as they used to be, remain a critical aspect of regulatory understanding. Nick gives a manageable overview of key governmental programs, including FICA, FUTA, Medicare, Workers' Compensation, and the Affordable Care Act. He outlines their important attributes and application with a promise of clarity and simplicity. Through straightforward explanations and relevant examples, Nick ensures that the necessary information is comprehensible and concise, aiming for a smooth learning experience.