Examlex
If an individual is an employee and also has self-employment income,the maximum tax base for computing self-employment tax is reduced by the wages that are subject to the FICA tax.
Financial Intermediaries
Institutions that act as middlemen between savers and borrowers, including banks, credit unions, and insurance companies.
Savers
Individuals or organizations that set aside a portion of their income for future use, often by depositing it into financial accounts that earn interest.
Borrowers
Individuals or entities that receive funds from a lender under the condition of returning it typically with interest.
Legal Tender
The officially recognized form of money that must be accepted if offered in payment of a debt.
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