Examlex
In which of the following cases is a bank considered liable for unauthorized payments?
Retirement Fund
A savings account specifically set aside for the purpose of retirement income.
Total Gross Earnings
The sum of all income earned by an individual or organization before any deductions or taxes.
FICA-Medicare
The portion of the Federal Insurance Contributions Act (FICA) tax that funds Medicare, providing health insurance to individuals aged 65 and over.
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