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Federal Insurance Contributions Act
A U.S. law that mandates a payroll tax on the paychecks of employees, as well as contributions from employers, to fund the Social Security and Medicare programs.
Cumulative Gross Earnings
The total gross income earned by an individual or entity before any deductions over a given period.
State Tax Rate
The percentage at which individuals or businesses within a state are taxed by the state government.
FICA
The Federal Insurance Contributions Act; a U.S. law that requires a deduction from paychecks to fund Social Security and Medicare benefits.
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